LondonMetric Property (LON:LMP – Get Rating)‘s stock had its “outperform” rating reissued by research analysts at Royal Bank of Canada in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a GBX 325 ($4.24) target price on the stock. Royal Bank of Canada’s target price points to a potential upside of 17.84% from the stock’s current price.
A number of other equities research analysts have also recently issued reports on LMP. Berenberg Bank reissued a “hold” rating and issued a GBX 280 ($3.65) target price on shares of LondonMetric Property in a research report on Wednesday, January 26th. JPMorgan Chase & Co. reissued an “overweight” rating on shares of LondonMetric Property in a research report on Monday, March 14th. Barclays reissued an “overweight” rating and issued a GBX 320 ($4.17) target price on shares of LondonMetric Property in a research report on Tuesday, April 5th. Finally, Morgan Stanley reissued an “overweight” rating on shares of LondonMetric Property in a research report on Wednesday, February 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of GBX 290.38 ($3.78).
LON:LMP opened at GBX 275.79 ($3.59) on Tuesday. The firm’s fifty day moving average price is GBX 264.78 and its two-hundred day moving average price is GBX 265.21. The company has a market cap of £2.70 billion and a P/E ratio of 5.89. LondonMetric Property has a one year low of GBX 214.80 ($2.80) and a one year high of GBX 287.20 ($3.74). The company has a debt-to-equity ratio of 53.22, a current ratio of 3.83 and a quick ratio of 1.64.
LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.
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