LondonMetric Property (LON:LMP) Price Target Raised to GBX 224

LondonMetric Property (LON:LMP) had its price objective increased by Jefferies Financial Group from GBX 219 to GBX 224 in a research report sent to investors on Tuesday, MarketBeat.com reports. Jefferies Financial Group currently has a buy rating on the stock.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft began coverage on shares of LondonMetric Property in a research note on Wednesday, July 2nd. They set a “buy” rating and a GBX 230 target price for the company. Peel Hunt reissued a “buy” rating and set a GBX 240 target price on shares of LondonMetric Property in a research note on Tuesday, October 7th. Finally, Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, October 7th. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, LondonMetric Property has an average rating of “Buy” and a consensus target price of GBX 231.33.

LondonMetric Property Price Performance

Shares of LON LMP opened at GBX 191.25 on Tuesday. LondonMetric Property has a twelve month low of GBX 167.10 and a twelve month high of GBX 207. The firm has a fifty day simple moving average of GBX 184.41 and a 200 day simple moving average of GBX 191.15. The company has a market capitalization of £4.46 billion, a PE ratio of 11.25, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84.

About LondonMetric Property

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.