LondonMetric Property’s (LMP) “Buy” Rating Reiterated at Shore Capital Group

Shore Capital Group reaffirmed their buy rating on shares of LondonMetric Property (LON:LMP) in a research report sent to investors on Thursday morning,Digital Look reports.

LMP has been the topic of several other reports. The Goldman Sachs Group dropped their target price on LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Berenberg Bank raised their price objective on LondonMetric Property from GBX 269 to GBX 282 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of GBX 233.20.

LondonMetric Property Trading Up 1.9%

Shares of LON:LMP opened at GBX 198.30 on Thursday. The stock has a market capitalization of £4.63 billion, a price-to-earnings ratio of 13.31, a PEG ratio of 3.27 and a beta of 1.04. The company has a debt-to-equity ratio of 60.64, a quick ratio of 0.81 and a current ratio of 0.38. The stock’s 50-day simple moving average is GBX 197.21 and its two-hundred day simple moving average is GBX 193.15. LondonMetric Property has a 52-week low of GBX 175.30 and a 52-week high of GBX 216.20.

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.