J P Morgan Chase & Co reaffirmed their overweight rating on shares of Londonmetric Property (LON:LMP) in a report published on Thursday. J P Morgan Chase & Co currently has a GBX 195 ($2.61) price target on the stock.
A number of other research analysts have also recently issued reports on the company. Jefferies Group reiterated a hold rating and issued a GBX 190 ($2.54) target price on shares of Londonmetric Property in a research report on Thursday. Peel Hunt lifted their target price on Londonmetric Property from GBX 180 ($2.41) to GBX 195 ($2.61) and gave the company an add rating in a research report on Wednesday, November 29th. Numis Securities reiterated a hold rating and issued a GBX 163 ($2.18) target price on shares of Londonmetric Property in a research report on Wednesday, November 29th. Finally, Liberum Capital reiterated a hold rating and issued a GBX 170 ($2.28) target price on shares of Londonmetric Property in a research report on Wednesday, November 29th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of GBX 179.43 ($2.40).
Londonmetric Property (LON LMP) opened at GBX 175.70 ($2.35) on Thursday. Londonmetric Property has a 12-month low of GBX 138.30 ($1.85) and a 12-month high of GBX 183.70 ($2.46).
The business also recently disclosed a dividend, which will be paid on Wednesday, January 10th. Investors of record on Thursday, December 7th will be paid a GBX 1.85 ($0.02) dividend. This represents a dividend yield of 1.06%. The ex-dividend date is Thursday, December 7th.
In related news, insider Martin McGann acquired 92,764 shares of the business’s stock in a transaction that occurred on Wednesday, September 27th. The shares were bought at an average cost of GBX 165 ($2.21) per share, with a total value of £153,060.60 ($204,982.72). Over the last ninety days, insiders purchased 272,870 shares of company stock worth $45,328,656.
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Londonmetric Property Company Profile
LondonMetric Property Plc is a property investment and development company. The Company’s segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company’s portfolio includes distribution and retail businesses across the United Kingdom.
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