Shares of LondonMetric Property Plc (LON:LMP - Get Free Report) hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 2.05 ($0.03) and last traded at GBX 198.10 ($2.70), with a volume of 10782569 shares trading hands. The stock had previously closed at GBX 204.40 ($2.79).
Analyst Ratings Changes
Separately, Deutsche Bank Aktiengesellschaft initiated coverage on shares of LondonMetric Property in a research note on Wednesday. They set a "buy" rating and a GBX 230 ($3.14) price target on the stock.
Read Our Latest Report on LMP
LondonMetric Property Stock Performance
The company's 50-day moving average price is GBX 197.67 and its two-hundred day moving average price is GBX 187.73. 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 stock has a market cap of £4.02 billion, a PE ratio of 20.35, a PEG ratio of 3.27 and a beta of 0.90.
LondonMetric Property (LON:LMP - Get Free Report) last released its earnings results on Tuesday, May 20th. The company reported GBX 15.73 ($0.21) EPS for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. On average, equities research analysts forecast that LondonMetric Property Plc will post 13.7260274 EPS for the current year.
Insiders Place Their Bets
In related news, insider Martin McGann sold 122,555 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 198 ($2.70), for a total value of £242,658.90 ($331,184.52). Also, insider Andrew Jones sold 236,495 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of GBX 198 ($2.70), for a total value of £468,260.10 ($639,088.44). 6.29% of the stock is owned by corporate insiders.
About LondonMetric Property
(
Get Free Report)
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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