Numis Securities Reiterates “Hold” Rating for Londonmetric Property (LMP)

Londonmetric Property (LON:LMP)‘s stock had its “hold” rating restated by analysts at Numis Securities in a research report issued to clients and investors on Tuesday. They currently have a GBX 172 ($2.31) target price on the stock. Numis Securities’ price objective suggests a potential downside of 0.75% from the company’s previous close.

A number of other equities research analysts have also weighed in on the company. Peel Hunt reiterated an “add” rating and issued a GBX 180 ($2.42) price objective on shares of Londonmetric Property in a research report on Monday, October 2nd. Liberum Capital reiterated a “hold” rating and issued a GBX 170 ($2.29) price objective on shares of Londonmetric Property in a research report on Tuesday, November 21st. J P Morgan Chase & Co reiterated an “overweight” rating and issued a GBX 195 ($2.62) price objective on shares of Londonmetric Property in a research report on Thursday, November 30th. Stifel Nicolaus reiterated a “buy” rating and issued a GBX 177 ($2.38) price objective on shares of Londonmetric Property in a research report on Thursday, November 30th. Finally, Jefferies Group reiterated a “hold” rating and issued a GBX 190 ($2.56) price objective on shares of Londonmetric Property in a research report on Thursday, November 30th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 181.43 ($2.44).

Londonmetric Property (LON:LMP) opened at GBX 173.30 ($2.33) on Tuesday. Londonmetric Property has a 12 month low of GBX 138.80 ($1.87) and a 12 month high of GBX 183.70 ($2.47).

Londonmetric Property (LON:LMP) last announced its quarterly earnings results on Wednesday, November 29th. The company reported GBX 4.20 ($0.06) EPS for the quarter, hitting the Zacks’ consensus estimate of GBX 4.20 ($0.06). The business had revenue of GBX 4,063 million for the quarter. Londonmetric Property had a return on equity of 15.33% and a net margin of 192.05%.

In other news, insider Martin McGann purchased 92,764 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The shares were bought at an average cost of GBX 165 ($2.22) per share, for a total transaction of £153,060.60 ($206,003.50). Insiders have purchased 272,870 shares of company stock worth $45,328,656 over the last 90 days.

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Londonmetric Property Company Profile

LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.

Analyst Recommendations for Londonmetric Property (LON:LMP)

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