Londonmetric Property (LON:LMP) was upgraded by Morgan Stanley to an “equal weight” rating in a note issued to investors on Tuesday. The brokerage currently has a GBX 190 ($2.63) target price on the stock, up from their prior target price of GBX 175 ($2.42). Morgan Stanley’s price target would indicate a potential upside of 3.54% from the company’s previous close.
A number of other research firms have also weighed in on LMP. Canaccord Genuity upped their price target on shares of Londonmetric Property from GBX 160 ($2.21) to GBX 175 ($2.42) and gave the stock a “hold” rating in a research report on Friday, December 22nd. Jefferies Group reissued a “hold” rating and issued a GBX 190 ($2.63) target price on shares of Londonmetric Property in a report on Thursday, November 30th. Peel Hunt reissued an “add” rating and issued a GBX 195 ($2.69) target price on shares of Londonmetric Property in a report on Friday, January 5th. JPMorgan Chase & Co. boosted their target price on shares of Londonmetric Property from GBX 195 ($2.69) to GBX 200 ($2.76) and gave the stock an “overweight” rating in a report on Wednesday, December 6th. Finally, Numis Securities reissued a “hold” rating and issued a GBX 172 ($2.38) target price on shares of Londonmetric Property in a report on Tuesday, December 5th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of GBX 181.67 ($2.51).
Londonmetric Property (LON:LMP) opened at GBX 183.50 ($2.54) on Tuesday. The firm has a market cap of $1,280.00 and a P/E ratio of 764.58. Londonmetric Property has a 12-month low of GBX 149.10 ($2.06) and a 12-month high of GBX 189.10 ($2.61).
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About Londonmetric Property
LondonMetric Property Plc is a property investment and development company. The Company’s segments is Distribution, Offices, Residential and Development. The Company’s distribution properties under development include Wakefield, Warrington, Bedford, Stoke and Crawley. The Company’s subsidiaries include London & Stamford Property Limited, LondonMetric Management Limited, LSI (Investments) Limited, LSI Developments Limited, LondonMetric Saturn Limited, Metric Property Investments plc, LondonMetric Retail Distribution I Limited and LondonMetric Saturn II Limited.
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