LondonMetric Property Plc (LON:LMP) Receives Consensus Recommendation of "Moderate Buy" from Analysts

Key Points

• Analysts give LondonMetric a consensus rating of Moderate Buy (five buys, one hold) with an average 12‑month price target of GBX 233.20.
• Shares trade around GBX 191.30, slightly below the 50‑day (GBX 196.46) and 200‑day (GBX 193.39) moving averages, and analyst views are mixed—Goldman Sachs cut its target to GBX 190 and moved to neutral while Berenberg lifted its target to GBX 282 and maintained a buy rating.

LondonMetric Property Plc (LON:LMP - Get Free Report) has been given a consensus rating of "Moderate Buy" by the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among analysts that have covered the stock in the last year is GBX 233.20.

Several equities research analysts recently commented on LMP shares. Shore Capital Group reiterated a "buy" rating on shares of LondonMetric Property in a research note on Thursday, April 16th. The Goldman Sachs Group cut their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a "neutral" rating on the stock in a research note on Monday, March 30th. Finally, Berenberg Bank lifted their price target on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the stock a "buy" rating in a research note on Tuesday, January 27th.

LondonMetric Property Price Performance

Shares of LON:LMP opened at GBX 191.30 on Friday. The company's fifty day moving average price is GBX 196.46 and its 200 day moving average price is GBX 193.39. LondonMetric Property has a 12 month low of GBX 175.30 and a 12 month high of GBX 216.20. The company has a debt-to-equity ratio of 60.64, a current ratio of 0.38 and a quick ratio of 0.81. The firm has a market capitalization of £4.47 billion, a P/E ratio of 12.84, a P/E/G ratio of 3.27 and a beta of 1.04.

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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