LondonMetric Property (LON:LMP) Coverage Initiated by Analysts at Deutsche Bank Aktiengesellschaft

Analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of LondonMetric Property (LON:LMP - Get Free Report) in a research report issued to clients and investors on Wednesday, MarketBeat.com reports. The brokerage set a "buy" rating and a GBX 230 ($3.14) price target on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 16.34% from the stock's previous close.

LondonMetric Property Trading Down 0.1%

LMP traded down GBX 0.20 ($0.00) on Wednesday, reaching GBX 197.70 ($2.70). 3,455,530 shares of the company traded hands, compared to its average volume of 13,472,191. LondonMetric Property has a one year low of GBX 167.10 ($2.28) and a one year high of GBX 210.40 ($2.87). The firm has a fifty day simple moving average of GBX 197.67 and a two-hundred day simple moving average of GBX 187.86. The company has a market cap of £4.02 billion, a P/E ratio of 20.35, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84.

LondonMetric Property (LON:LMP - Get Free Report) last announced its quarterly earnings data on Tuesday, May 20th. The company reported GBX 15.73 ($0.21) earnings per share for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. As a group, equities research analysts expect that LondonMetric Property will post 13.7260274 earnings per share for the current year.

Insider Transactions at LondonMetric Property

In related news, insider Andrew Jones sold 236,495 shares of LondonMetric Property stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 198 ($2.70), for a total transaction of £468,260.10 ($639,437.53). Also, insider Martin McGann sold 122,555 shares of the business's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of GBX 198 ($2.70), for a total transaction of £242,658.90 ($331,365.42). Company insiders own 6.29% of the company's stock.

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.