Liberum Capital Reaffirms “Hold” Rating for Londonmetric Property PLC (LMP)
LMP has been the topic of a number of other reports. J P Morgan Chase & Co raised their price target on shares of Londonmetric Property PLC from GBX 175 ($2.32) to GBX 195 ($2.59) and gave the company an overweight rating in a research report on Tuesday, June 20th. Peel Hunt reaffirmed an add rating and issued a GBX 180 ($2.39) price objective on shares of Londonmetric Property PLC in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 172.17 ($2.28).
Londonmetric Property PLC (LON:LMP) opened at 168.60 on Monday. The company has a 50-day moving average of GBX 167.25 and a 200-day moving average of GBX 166.40. The firm’s market cap is GBX 1.16 billion. Londonmetric Property PLC has a 52 week low of GBX 138.30 and a 52 week high of GBX 175.20.
The business also recently disclosed a dividend, which will be paid on Friday, October 6th. Shareholders of record on Thursday, August 31st will be given a GBX 1.85 ($0.02) dividend. This represents a yield of 1.1%. The ex-dividend date is Thursday, August 31st.
In related news, insider Martin McGann acquired 55,106 shares of the stock in a transaction on Tuesday, September 26th. The shares were acquired at an average price of GBX 166 ($2.20) per share, with a total value of £91,475.96 ($121,336.99). In the last ninety days, insiders acquired 272,870 shares of company stock worth $45,328,656.
About Londonmetric Property PLC
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
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