Peel Hunt Reaffirms Add Rating for Londonmetric Property (LON:LMP)

Peel Hunt restated their add rating on shares of Londonmetric Property (LON:LMP) in a research report released on Wednesday, ThisIsMoney.Co.Uk reports.

Several other equities research analysts have also recently issued reports on the company. Barclays lifted their price objective on Coupa Software from $95.00 to $101.00 and gave the stock an equal weight rating in a report on Tuesday, June 4th. They noted that the move was a valuation call. Liberum Capital reiterated a hold rating on shares of Londonmetric Property in a report on Thursday, May 23rd. Morgan Stanley lifted their price objective on TELUS from C$53.00 to C$55.00 in a report on Thursday, March 14th. Finally, Royal Bank of Canada boosted their target price on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an outperform rating in a report on Monday, June 24th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Londonmetric Property presently has an average rating of Hold and a consensus price target of GBX 207 ($2.70).

LMP stock opened at GBX 212.20 ($2.77) on Wednesday. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 46.06. Londonmetric Property has a 12-month low of GBX 171.50 ($2.24) and a 12-month high of GBX 216.40 ($2.83). The firm has a market cap of $1.78 billion and a PE ratio of 12.41. The business has a 50-day moving average price of GBX 207.

The business also recently announced a dividend, which was paid on Thursday, July 11th. Stockholders of record on Thursday, June 6th were issued a dividend of GBX 2.50 ($0.03) per share. This is a boost from Londonmetric Property’s previous dividend of $1.90. This represents a dividend yield of 1.24%. The ex-dividend date of this dividend was Thursday, June 6th. Londonmetric Property’s payout ratio is currently 0.58%.

In other news, insider Martin McGann sold 21,723 shares of Londonmetric Property stock in a transaction that occurred on Tuesday, June 18th. The shares were sold at an average price of GBX 209 ($2.73), for a total transaction of £45,401.07 ($59,324.54). Also, insider Valentine Beresford sold 184,200 shares of Londonmetric Property stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of GBX 207 ($2.70), for a total transaction of £381,294 ($498,228.15).

Londonmetric Property Company Profile

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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Analyst Recommendations for Londonmetric Property (LON:LMP)

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