LondonMetric Property (LON:LMP) Reaches New 12-Month Low – What’s Next?

LondonMetric Property Plc (LON:LMPGet Free Report) shares hit a new 52-week low during trading on Monday . The company traded as low as GBX 175.30 and last traded at GBX 175.40, with a volume of 43470852 shares. The stock had previously closed at GBX 178.

Analysts Set New Price Targets

Separately, Berenberg Bank decreased their price objective on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a report on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, LondonMetric Property has an average rating of “Moderate Buy” and an average price target of GBX 227.20.

Check Out Our Latest Report on LondonMetric Property

LondonMetric Property Trading Up 0.4%

The business has a 50 day simple moving average of GBX 190.22 and a 200 day simple moving average of GBX 189.73. The company has a debt-to-equity ratio of 63.49, a current ratio of 1.78 and a quick ratio of 0.81. The company has a market cap of £4.19 billion, a price-to-earnings ratio of 13.75, a price-to-earnings-growth ratio of 3.27 and a beta of 1.01.

About LondonMetric Property

(Get Free Report)

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.

Further Reading

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