LondonMetric Property (LON:LMP) Given Buy Rating at Shore Capital

Shore Capital reissued their buy rating on shares of LondonMetric Property (LON:LMPGet Rating) in a research report sent to investors on Tuesday morning, reports.

Other equities analysts have also issued reports about the stock. JPMorgan Chase & Co. lowered their price target on shares of LondonMetric Property from GBX 235 ($2.91) to GBX 205 ($2.54) and set an overweight rating on the stock in a research report on Tuesday, November 1st. Barclays reiterated an overweight rating and issued a GBX 225 ($2.79) target price on shares of LondonMetric Property in a report on Thursday, November 24th. Finally, Berenberg Bank upgraded shares of LondonMetric Property to a hold rating and decreased their target price for the company from GBX 200 ($2.48) to GBX 185 ($2.29) in a report on Tuesday, November 29th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the stock. According to, the company has an average rating of Moderate Buy and a consensus price target of GBX 229.17 ($2.84).

LondonMetric Property Stock Performance

LMP opened at GBX 189 ($2.34) on Tuesday. The firm has a market capitalization of £1.86 billion and a PE ratio of 725.00. LondonMetric Property has a twelve month low of GBX 157.76 ($1.95) and a twelve month high of GBX 280.40 ($3.47). The firm’s 50-day moving average price is GBX 180.67 and its 200 day moving average price is GBX 198.36. The company has a current ratio of 2.01, a quick ratio of 0.81 and a debt-to-equity ratio of 52.02.

LondonMetric Property Dividend Announcement

The business also recently declared a dividend, which was paid on Tuesday, January 10th. Stockholders of record on Thursday, December 1st were paid a GBX 2.30 ($0.03) dividend. This represents a dividend yield of 1.21%. The ex-dividend date was Thursday, December 1st. LondonMetric Property’s dividend payout ratio (DPR) is 35.96%.

Insider Activity

In other news, insider Patrick Vaughan sold 300,000 shares of the business’s stock in a transaction that occurred on Thursday, November 24th. The shares were sold at an average price of GBX 191 ($2.36), for a total value of £573,000 ($709,421.82).

About LondonMetric Property

(Get Rating)

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.

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