Londonmetric Property PLC (LMP) Shares Rating Restated by Numis Securities Ltd

Londonmetric Property PLC (LMP) Shares Rating Restated by Numis Securities Ltd

Londonmetric Property PLC (LON:LMP)‘s stock had its “hold” rating reaffirmed by Numis Securities Ltd in a report released on Wednesday. They currently have a GBX 152 ($1.95) price target on the stock. Numis Securities Ltd’s price objective points to a potential downside of 10.38% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. Liberum Capital restated a “hold” rating and issued a GBX 155 ($1.99) price objective on shares of Londonmetric Property PLC in a research report on Friday, February 3rd. Jefferies Group LLC upped their price objective on shares of Londonmetric Property PLC from GBX 160 ($2.06) to GBX 170 ($2.18) and gave the company a “hold” rating in a research report on Wednesday, April 26th. Peel Hunt restated an “add” rating and issued a GBX 170 ($2.18) price objective on shares of Londonmetric Property PLC in a research report on Tuesday, March 28th. JPMorgan Chase & Co. restated an “overweight” rating and issued a GBX 175 ($2.25) price objective on shares of Londonmetric Property PLC in a research report on Friday, March 31st. Finally, HSBC Holdings plc upgraded shares of Londonmetric Property PLC to a “buy” rating and upped their price objective for the company from GBX 163 ($2.09) to GBX 166 ($2.13) in a research report on Thursday, March 30th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Londonmetric Property PLC has a consensus rating of “Hold” and a consensus price target of GBX 166.71 ($2.14).

Shares of Londonmetric Property PLC (LMP) opened at 170.90 on Wednesday. The firm’s market capitalization is GBX 1.07 billion. Londonmetric Property PLC has a 52 week low of GBX 134.00 and a 52 week high of GBX 172.10. The firm’s 50-day moving average price is GBX 167.57 and its 200 day moving average price is GBX 154.82.

The firm also recently disclosed a dividend, which will be paid on Monday, July 10th. Stockholders of record on Thursday, June 8th will be paid a dividend of GBX 2.10 ($0.03) per share. This represents a dividend yield of 1.25%. This is an increase from Londonmetric Property PLC’s previous dividend of $1.80. The ex-dividend date of this dividend is Thursday, June 8th.

In other Londonmetric Property PLC news, insider Andrew Livingston acquired 32,895 shares of Londonmetric Property PLC stock in a transaction dated Thursday, March 23rd. The stock was bought at an average cost of GBX 152 ($1.95) per share, for a total transaction of £50,000.40 ($64,226.59).

About Londonmetric Property PLC

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “LSE:LMP”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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