LondonMetric Property (LON:LMP) Hits New 52-Week High – Here’s What Happened

Shares of LondonMetric Property Plc (LON:LMP) hit a new 52-week high during trading on Thursday . The company traded as high as GBX 207 and last traded at GBX 206.60, with a volume of 8645847 shares. The stock had previously closed at GBX 204.20.

Analyst Ratings Changes

A number of brokerages have issued reports on LMP. Berenberg Bank boosted their price objective on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th. Jefferies Financial Group upped their target price on LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Peel Hunt restated a “buy” rating and issued a GBX 240 target price on shares of LondonMetric Property in a research note on Tuesday, November 18th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of GBX 244.

LondonMetric Property Stock Up 1.1%

The firm has a market capitalization of £4.93 billion, a P/E ratio of 14.17, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a fifty day simple moving average of GBX 194.15 and a 200 day simple moving average of GBX 189.59. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84.

LondonMetric Property (LON:LMP) last posted its quarterly earnings results on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. On average, equities analysts expect that LondonMetric Property Plc will post 13.7260274 EPS for the current fiscal year.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.