Londonmetric Property PLC (LON:LMP)’s share price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 189.10 ($2.56) and last traded at GBX 183.30 ($2.49), with a volume of 1256440 shares changing hands. The stock had previously closed at GBX 183.30 ($2.49).
LMP has been the topic of several research analyst reports. Canaccord Genuity lifted their price target on Londonmetric Property from GBX 160 ($2.17) to GBX 175 ($2.37) and gave the company a “hold” rating in a research report on Friday, December 22nd. Jefferies Group reiterated a “hold” rating and set a GBX 190 ($2.58) price target on shares of Londonmetric Property in a research report on Thursday, November 30th. Peel Hunt lifted their price target on Londonmetric Property from GBX 180 ($2.44) to GBX 195 ($2.64) and gave the company an “add” rating in a research report on Wednesday, November 29th. Numis Securities reiterated a “hold” rating and set a GBX 163 ($2.21) price target on shares of Londonmetric Property in a research report on Thursday, October 19th. Finally, JPMorgan Chase & Co. lifted their price target on Londonmetric Property from GBX 195 ($2.64) to GBX 200 ($2.71) and gave the company an “overweight” rating in a research report on Wednesday, December 6th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 180.63 ($2.45).
The stock has a market cap of $1,260.00 and a PE ratio of 753.75.
The company also recently declared a dividend, which was paid on Wednesday, January 10th. Stockholders of record on Thursday, December 7th were given a dividend of GBX 1.85 ($0.03) per share. This represents a dividend yield of 1.06%. The ex-dividend date was Thursday, December 7th.
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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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