LondonMetric Property Plc (LON:LMP) Receives GBX 233.20 Consensus Price Target from Brokerages

LondonMetric Property Plc (LON:LMP) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 233.20.

Several equities analysts recently commented on the stock. Shore Capital Group reiterated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, May 12th. Berenberg Bank reiterated a “buy” rating and set a GBX 282 price target on shares of LondonMetric Property in a report on Thursday, May 21st. The Goldman Sachs Group cut their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 target price on shares of LondonMetric Property in a research note on Wednesday, May 13th.

LondonMetric Property Stock Performance

Shares of LON:LMP opened at GBX 188.40 on Tuesday. The company has a market capitalization of £4.40 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 3.27 and a beta of 1.02. LondonMetric Property has a 12 month low of GBX 175.30 and a 12 month high of GBX 216.20. The firm’s 50-day moving average is GBX 188.21 and its 200 day moving average is GBX 193.23. The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 63.49.

LondonMetric Property (LON:LMP) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 16.21 EPS for the quarter. The company had revenue of £464.60 million for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. Research analysts predict that LondonMetric Property will post 13.7260274 EPS for the current 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.