LondonMetric Property’s (LMP) “Buy” Rating Reaffirmed at Shore Capital

Shore Capital reaffirmed their buy rating on shares of LondonMetric Property (LON:LMP) in a report published on Thursday, MarketBeat Ratings reports.

A number of other research firms have also recently issued reports on LMP. Berenberg Bank restated a “buy” rating and set a GBX 269 price target on shares of LondonMetric Property in a report on Thursday, November 20th. Jefferies Financial Group upped their target price on LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 240 target price on shares of LondonMetric Property in a report on Tuesday, November 18th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of GBX 240.75.

LondonMetric Property Stock Up 0.9%

LMP stock opened at GBX 190.20 on Thursday. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84. LondonMetric Property has a 12 month low of GBX 167.10 and a 12 month high of GBX 207. The stock has a market capitalization of £4.44 billion, a P/E ratio of 11.19, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The firm has a 50-day moving average price of GBX 188.64 and a 200-day moving average price of GBX 191.01.

LondonMetric Property (LON:LMP) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. As a group, equities research analysts anticipate that LondonMetric Property will post 13.7260274 EPS for the current fiscal year.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.