Berenberg Bank Issues Positive Forecast for LondonMetric Property (LON:LMP) Stock Price

LondonMetric Property (LON:LMP) had its price objective hoisted by Berenberg Bank from GBX 269 to GBX 282 in a research report sent to investors on Tuesday, Marketbeat reports. The firm currently has a buy rating on the stock.

Other equities research analysts also recently issued research reports about the company. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Peel Hunt restated a “buy” rating and set a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday, November 18th. Finally, Jefferies Financial Group upped their price target on LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, LondonMetric Property currently has an average rating of “Buy” and a consensus target price of GBX 244.

LondonMetric Property Trading Up 0.1%

LondonMetric Property stock opened at GBX 200.40 on Tuesday. The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68. LondonMetric Property has a 52 week low of GBX 167.10 and a 52 week high of GBX 207. The stock has a 50-day simple moving average of GBX 190.31 and a 200 day simple moving average of GBX 188.71. The stock has a market capitalization of £4.68 billion, a P/E ratio of 13.45, a PEG ratio of 3.27 and a beta of 0.90.

LondonMetric Property (LON:LMP) last announced its earnings results on Thursday, November 20th. The company reported GBX 6.70 EPS for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. Analysts expect that LondonMetric Property will post 13.7260274 earnings per share for the current 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.