LondonMetric Property’s (LMP) Outperform Rating Reaffirmed at Royal Bank of Canada

LondonMetric Property (LON:LMPGet Rating)‘s stock had its “outperform” rating reissued by equities research analysts at Royal Bank of Canada in a note issued to investors on Friday, MarketBeat reports. They presently have a GBX 305 ($3.76) price objective on the stock. Royal Bank of Canada’s price target would indicate a potential upside of 27.30% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on the company. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of LondonMetric Property in a research note on Monday, March 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of LondonMetric Property in a report on Wednesday. Berenberg Bank reissued a “hold” rating and issued a GBX 280 ($3.45) target price on shares of LondonMetric Property in a report on Thursday, May 5th. Finally, Barclays reissued an “overweight” rating and issued a GBX 320 ($3.95) target price on shares of LondonMetric Property in a report on Monday. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of GBX 287.88 ($3.55).

LMP stock opened at GBX 239.60 ($2.95) on Friday. The business has a 50 day moving average price of GBX 266.04 and a 200 day moving average price of GBX 267.93. The stock has a market cap of £2.35 billion and a price-to-earnings ratio of 5.12. LondonMetric Property has a fifty-two week low of GBX 223.60 ($2.76) and a fifty-two week high of GBX 287.20 ($3.54). The company has a quick ratio of 1.64, a current ratio of 3.83 and a debt-to-equity ratio of 53.22.

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.

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Analyst Recommendations for LondonMetric Property (LON:LMP)

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