November 30, 2016 - By Hazel Jackson
They currently have a GBX 170.00 TP on LondonMetric Property (LON:LMP). Peel Hunt’s target would suggest a potential upside of 18.55% from the company’s previous close. This was shown in a report on Wednesday morning.
Out of 9 analysts covering LondonMetric Property (LON:LMP), 5 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 56% are positive. GBX 199 is the highest target while GBX 150 is the lowest. The GBX 170.44 average target is 18.77% above today’s (GBX 143.5) stock price. LondonMetric Property has been the topic of 57 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Liberum Capital maintained Londonmetric Property PLC (LON:LMP) rating on Thursday, April 14. Liberum Capital has “Hold” rating and GBX 165 price target. Canaccord Genuity maintained Londonmetric Property PLC (LON:LMP) on Thursday, December 10 with “Buy” rating. The stock has “Add” rating given by Peel Hunt on Tuesday, May 10. The rating was maintained by Jefferies with “Hold” on Monday, January 25. The stock of Londonmetric Property PLC (LON:LMP) has “Hold” rating given on Friday, September 30 by HSBC. The stock of Londonmetric Property PLC (LON:LMP) earned “Overweight” rating by JP Morgan on Tuesday, September 1. Peel Hunt maintained it with “Buy” rating and GBX 175 target price in Wednesday, November 18 report. The firm has “Hold” rating given on Thursday, April 21 by Jefferies. The firm has “Hold” rating given on Thursday, December 10 by Liberum Capital. As per Thursday, June 2, the company rating was maintained by JP Morgan.
About 725,091 shares traded hands. Londonmetric Property PLC (LON:LMP) has declined 8.01% since May 2, 2016 and is downtrending. It has underperformed by 13.24% the S&P500.
LondonMetric Property Plc is a property investment and development company. The company has a market cap of 901.30 million GBP. The Company’s divisions include Retail, Distribution, Offices, Residential and Development. It has a 10.88 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.
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