LondonMetric Property (LON:LMP) Price Target Lowered to GBX 190 at The Goldman Sachs Group

LondonMetric Property (LON:LMP) had its target price reduced by The Goldman Sachs Group from GBX 210 to GBX 190 in a report published on Monday morning,London Stock Exchange reports. The Goldman Sachs Group currently has a neutral rating on the stock.

LMP has been the subject of a number of other research reports. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th. Berenberg Bank raised their price objective on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 233.20.

LondonMetric Property Stock Up 0.7%

LMP stock opened at GBX 180.40 on Monday. The company has a current ratio of 0.38, a quick ratio of 0.81 and a debt-to-equity ratio of 60.64. The company’s 50 day moving average is GBX 200.29 and its 200 day moving average is GBX 192.25. The stock has a market cap of £4.21 billion, a price-to-earnings ratio of 12.11, a price-to-earnings-growth ratio of 3.27 and a beta of 1.00. LondonMetric Property has a 1-year low of GBX 167.10 and a 1-year high of GBX 216.20.

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.