LondonMetric Property (LON:LMP) Sets New 1-Year Low – Here’s Why

LondonMetric Property Plc (LON:LMP) hit a new 52-week low during mid-day trading on Thursday. The stock traded as low as GBX 172.90 and last traded at GBX 172.90, with a volume of 12077565 shares changing hands. The stock had previously closed at GBX 179.20.

Analysts Set New Price Targets

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

LondonMetric Property Trading Down 4.6%

The company has a 50 day moving average of GBX 187.93 and a 200 day moving average of GBX 187.75. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78. The stock has a market capitalization of £4.00 billion, a price-to-earnings ratio of 13.15, a P/E/G ratio of 3.27 and a beta of 1.01.

About LondonMetric Property

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.