LondonMetric Property (LON:LMP) PT Raised to GBX 340

LondonMetric Property (LON:LMPGet Rating) had its price target lifted by JPMorgan Chase & Co. from GBX 335 ($4.11) to GBX 340 ($4.17) in a report published on Monday, MarketBeat.com reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Other equities research analysts also recently issued research reports about the company. Royal Bank of Canada restated an outperform rating and set a GBX 305 ($3.74) price objective on shares of LondonMetric Property in a report on Friday, May 13th. Barclays reaffirmed an overweight rating and set a GBX 320 ($3.93) price target on shares of LondonMetric Property in a research report on Wednesday, June 1st. Berenberg Bank reiterated a hold rating and set a GBX 280 ($3.44) price objective on shares of LondonMetric Property in a research note on Thursday, May 5th. Finally, Morgan Stanley reiterated an overweight rating on shares of LondonMetric Property in a research note on Wednesday, May 11th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, LondonMetric Property has an average rating of Moderate Buy and an average price target of GBX 306.33 ($3.76).

Shares of LMP stock opened at GBX 237.60 ($2.91) on Monday. The business’s 50-day moving average price is GBX 249.02 and its 200-day moving average price is GBX 262.03. The company has a current ratio of 1.46, a quick ratio of 0.98 and a debt-to-equity ratio of 39.93. The firm has a market capitalization of £2.33 billion and a price-to-earnings ratio of 3.03. LondonMetric Property has a 12 month low of GBX 229.20 ($2.81) and a 12 month high of GBX 287.20 ($3.52).

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Thursday, June 9th will be given a GBX 2.65 ($0.03) dividend. This represents a dividend yield of 1.07%. This is an increase from LondonMetric Property’s previous dividend of $2.20. The ex-dividend date is Thursday, June 9th. LondonMetric Property’s payout ratio is presently 0.11%.

In other LondonMetric Property news, insider Alistair Elliott acquired 50,000 shares of the firm’s stock in a transaction dated Thursday, June 16th. The stock was purchased at an average price of GBX 236 ($2.90) per share, for a total transaction of £118,000 ($144,767.51). Also, insider Andrew Jones sold 281,030 shares of the company’s stock in a transaction on Tuesday, June 14th. The shares were sold at an average price of GBX 236 ($2.90), for a total value of £663,230.80 ($813,680.28).

LondonMetric Property Company Profile (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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