LondonMetric Property’s (LMP) Buy Rating Reaffirmed at Jefferies Financial Group

LondonMetric Property (LON:LMP)‘s stock had its “buy” rating restated by research analysts at Jefferies Financial Group in a note issued to investors on Thursday, October 15th, Digital Look reports. They presently have a GBX 217 price objective on the stock. Jefferies Financial Group‘s price objective would suggest a potential upside of 20.35% from the company’s current price.

Separately, Berenberg Bank cut their price objective on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of GBX 225.80.

LondonMetric Property Stock Performance

LMP traded down GBX 0.30 during trading on Thursday, reaching GBX 180.30. 5,607,453 shares of the company’s stock were exchanged, compared to its average volume of 39,347,172. LondonMetric Property has a 1 year low of GBX 170.20 and a 1 year high of GBX 216.20. The company has a debt-to-equity ratio of 63.49, a current ratio of 1.78 and a quick ratio of 0.81. The stock has a market capitalization of £4.40 billion, a P/E ratio of 13.87, a price-to-earnings-growth ratio of 3.27 and a beta of 1.01. The company’s fifty day simple moving average is GBX 181.70 and its 200-day simple moving average is GBX 186.61.

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.