LondonMetric Property (OTCMKTS:LNSPF) Raised to “Hold” at Berenberg Bank

Berenberg Bank upgraded shares of LondonMetric Property (OTCMKTS:LNSPFGet Rating) from a sell rating to a hold rating in a research note released on Tuesday morning, The Fly reports.

Other equities research analysts have also recently issued research reports about the stock. Morgan Stanley cut shares of LondonMetric Property from an overweight rating to an equal weight rating in a report on Thursday, November 24th. JPMorgan Chase & Co. cut their price target on shares of LondonMetric Property from GBX 235 ($2.81) to GBX 205 ($2.45) in a report on Tuesday, November 1st. Finally, Barclays restated a buy rating and set a $225.00 price objective on shares of LondonMetric Property in a research report on Thursday, November 24th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus target price of $274.00.

LondonMetric Property Stock Performance

OTCMKTS:LNSPF opened at $2.15 on Tuesday. The company’s 50 day moving average price is $2.06 and its 200-day moving average price is $2.53. LondonMetric Property has a 52 week low of $1.85 and a 52 week high of $4.03.

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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