LondonMetric Property Plc (LON:LMP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of LondonMetric Property Plc (LON:LMP) have been assigned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is GBX 233.20.

Several research firms recently weighed in on LMP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 target price on shares of LondonMetric Property in a research note on Wednesday, May 13th. The Goldman Sachs Group cut their target price on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a research note on Monday, March 30th. Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 282 target price on shares of LondonMetric Property in a research note on Thursday.

LondonMetric Property Stock Performance

LMP opened at GBX 186.80 on Tuesday. The stock has a market capitalization of £4.36 billion, a price-to-earnings ratio of 12.54, a PEG ratio of 3.27 and a beta of 1.02. The company has a fifty day moving average of GBX 188.36 and a 200 day moving average of GBX 193.25. LondonMetric Property has a fifty-two week low of GBX 175.30 and a fifty-two week high of GBX 216.20. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78.

LondonMetric Property (LON:LMP) last posted its earnings results on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. The company had revenue of £464.60 million during the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. As a group, sell-side analysts forecast that LondonMetric Property will post 13.7260274 earnings per share for the current fiscal year.

LondonMetric Property Company Profile

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.