LondonMetric Property Plc (OTCMKTS:LNSPF) Sees Significant Decline in Short Interest

LondonMetric Property Plc (OTCMKTS:LNSPF – Get Rating) was the target of a large decline in short interest in March. As of March 31st, there was short interest totalling 300 shares, a decline of 25.0% from the March 15th total of 400 shares. Based on an average daily trading volume, of 2,600 shares, the short-interest ratio is presently 0.1 days.

A number of research analysts have issued reports on LNSPF shares. Morgan Stanley upped their target price on shares of LondonMetric Property from GBX 310 ($4.04) to GBX 320 ($4.17) in a report on Monday, March 28th. Royal Bank of Canada upgraded shares of LondonMetric Property from a “sector perform” rating to an “outperform” rating and set a $325.00 target price on the stock in a report on Friday, January 14th. Liberum Capital raised shares of LondonMetric Property to a “buy” rating and set a $295.00 price objective for the company in a research note on Tuesday, February 1st. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $305.00 price objective on shares of LondonMetric Property in a research note on Wednesday, January 19th. Finally, Barclays reaffirmed a “buy” rating and set a $320.00 price objective on shares of LondonMetric Property in a research note on Tuesday, April 5th. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, LondonMetric Property currently has an average rating of “Buy” and a consensus target price of $313.00.

LNSPF remained flat at $$3.60 on Monday. The company has a 50 day simple moving average of $3.50 and a two-hundred day simple moving average of $3.62. LondonMetric Property has a 12 month low of $3.03 and a 12 month high of $4.03.

About LondonMetric Property (Get Rating)

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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