LondonMetric Property Plc (OTCMKTS:LNSPF – Get Rating) has received a consensus rating of “Hold” from the seven brokerages that are covering the firm, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $276.67.
LNSPF has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. lowered shares of LondonMetric Property from an “overweight” rating to a “neutral” rating in a report on Friday, December 9th. Berenberg Bank upgraded shares of LondonMetric Property from a “sell” rating to a “hold” rating in a research report on Tuesday, November 29th. Citigroup downgraded shares of LondonMetric Property from a “buy” rating to a “neutral” rating in a research note on Thursday, December 22nd. Barclays decreased their price target on shares of LondonMetric Property from GBX 225 ($2.74) to GBX 210 ($2.56) in a report on Friday, December 9th. Finally, Morgan Stanley lowered shares of LondonMetric Property from an “overweight” rating to an “equal weight” rating in a research report on Thursday, November 24th.
LondonMetric Property Stock Performance
Shares of LNSPF opened at $2.01 on Friday. The company has a 50-day simple moving average of $2.09 and a two-hundred day simple moving average of $2.37. LondonMetric Property has a one year low of $1.85 and a one year high of $3.84.
LondonMetric Property Company Profile
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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