LondonMetric Property (LON:LMP) Earns "Buy" Rating from Peel Hunt

Key Points

• LondonMetric Property received a "buy" rating from Peel Hunt, with a price target of GBX 240, indicating a potential upside of 31.29% from its previous close.
• Three research analysts have rated the stock with a "buy" rating, leading to an average target price of GBX 235, according to MarketBeat.
• The stock is currently trading around GBX 182.80, with a twelve-month range between GBX 167.10 and GBX 209.80.

LondonMetric Property (LON:LMP - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Peel Hunt in a report issued on Tuesday,Digital Look reports. They currently have a GBX 240 price objective on the stock. Peel Hunt's target price points to a potential upside of 31.29% from the company's previous close.

Several other brokerages have also weighed in on LMP. Deutsche Bank Aktiengesellschaft initiated coverage on LondonMetric Property in a research note on Wednesday, July 2nd. They issued a "buy" rating and a GBX 230 price target for the company. Shore Capital reiterated a "buy" rating on shares of LondonMetric Property in a report on Tuesday. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 235.

LondonMetric Property Stock Performance

Shares of LON LMP traded up GBX 0.50 during mid-day trading on Tuesday, hitting GBX 182.80. The stock had a trading volume of 4,745,808 shares, compared to its average volume of 13,826,894. LondonMetric Property has a twelve month low of GBX 167.10 and a twelve month high of GBX 209.80. The company has a 50 day moving average of GBX 184.94 and a two-hundred day moving average of GBX 189.96. The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68. The firm has a market cap of £4.26 billion, a PE ratio of 1,075.29, a PEG ratio of 3.27 and a beta of 0.90.

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.

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