LondonMetric Property (LON:LMP) Given "Buy" Rating at Shore Capital

Key Points

• LondonMetric Property's stock received a **"buy" rating** from Shore Capital, which was reiterated in a recent report.
• Deutsche Bank also initiated coverage with a **"buy" rating** and set a price target of **GBX 230** for the company.
• The average target price for LondonMetric Property is currently **GBX 235**, with three equity research analysts rating the stock as a **"buy."**

LondonMetric Property (LON:LMP - Get Free Report)'s stock had its "buy" rating reiterated by research analysts at Shore Capital in a report issued on Tuesday,Digital Look reports.

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on LondonMetric Property in a research report on Wednesday, July 2nd. They issued a "buy" rating and a GBX 230 price objective for the company. Three equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, LondonMetric Property has a consensus rating of "Buy" and an average target price of GBX 235.

LondonMetric Property Trading Up 0.3%

LMP traded up GBX 0.50 on Tuesday, reaching GBX 182.80. 4,745,808 shares of the company traded hands, compared to its average volume of 13,826,894. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84. The company has a market cap of £4.26 billion, a P/E ratio of 1,075.29, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The firm has a fifty day simple moving average of GBX 184.94 and a two-hundred day simple moving average of GBX 189.96. LondonMetric Property has a one year low of GBX 167.10 and a one year high of GBX 209.80.

About LondonMetric Property

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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