LondonMetric Property Plc (LON:LMP) Receives Average Rating of "Moderate Buy" from Brokerages

Key Points

• LondonMetric Property has a “Moderate Buy” consensus rating from six analysts, with five buy recommendations and one hold. The average 12-month price target is GBX 227.20, above the stock’s opening price of GBX 196.20.
• Recent broker updates remained positive: Berenberg cut its target to GBX 252 but retained a buy rating, while Shore Capital and Deutsche Bank reaffirmed their buy recommendations.
• The company reported quarterly EPS of GBX 16.21 on revenue of £464.60 million, with a 63.65% net margin and 6.29% return on equity.

LondonMetric Property Plc (LON:LMP - Get Free Report) has received a consensus rating of "Moderate Buy" from the six brokerages that are covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is GBX 227.20.

Several research firms have issued reports on LMP. Berenberg Bank decreased their price objective on shares of LondonMetric Property from GBX 282 to GBX 252 and set a "buy" rating on the stock in a report on Wednesday, June 17th. Shore Capital Group reiterated a "buy" rating on shares of LondonMetric Property in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 230 target price on shares of LondonMetric Property in a research note on Wednesday, May 13th.

LondonMetric Property Trading Down 0.9%

Shares of LMP stock opened at GBX 196.20 on Friday. LondonMetric Property has a 1-year low of GBX 175.30 and a 1-year high of GBX 216.20. The company has a market cap of £4.58 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 63.49, a current ratio of 1.78 and a quick ratio of 0.81. The stock has a 50 day simple moving average of GBX 188.33 and a 200-day simple moving average of GBX 193.13.

LondonMetric Property (LON:LMP - Get Free Report) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 16.21 earnings per share (EPS) for the quarter. The firm had revenue of £464.60 million for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. On average, equities research analysts expect that LondonMetric Property will post 13.7260274 EPS for the current fiscal year.

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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