LondonMetric Property’s (LMP) “Overweight” Rating Reaffirmed at Morgan Stanley

LondonMetric Property (LON:LMPGet Rating)‘s stock had its “overweight” rating reiterated by investment analysts at Morgan Stanley in a research report issued on Wednesday, LSE.Co.UK reports.

A number of other equities research analysts also recently issued reports on the company. JPMorgan Chase & Co. reissued an “overweight” rating on shares of LondonMetric Property in a research report on Monday, March 14th. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 280 ($3.45) target price on shares of LondonMetric Property in a research report on Thursday, May 5th. Barclays reaffirmed an “overweight” rating and issued a GBX 320 ($3.95) target price on shares of LondonMetric Property in a research report on Monday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 325 ($4.01) target price on shares of LondonMetric Property in a research report on Tuesday, April 12th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus price target of GBX 290.38 ($3.58).

LMP stock opened at GBX 236.16 ($2.91) on Wednesday. The stock has a 50-day moving average price of GBX 266.65 and a two-hundred day moving average price of GBX 268.13. LondonMetric Property has a 12-month low of GBX 221.20 ($2.73) and a 12-month high of GBX 287.20 ($3.54). The company has a current ratio of 3.83, a quick ratio of 1.64 and a debt-to-equity ratio of 53.22. The company has a market cap of £2.31 billion and a PE ratio of 5.02.

LondonMetric Property Company Profile (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.

Read More

Analyst Recommendations for LondonMetric Property (LON:LMP)

Receive News & Ratings for LondonMetric Property Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for LondonMetric Property and related companies with MarketBeat.com's FREE daily email newsletter.