Rating To Observe: LondonMetric Property (LON:LMP) Stock Hold Rating Reiterated at Numis; The Price Target Given is GBX 150.00

November 30, 2016 - By Darrin Black

LondonMetric Property (LON:LMP) Rating

Numis have a GBX 150.00 PT on the stock. The PT suggests a potential upside of 4.38% from LondonMetric Property (LON:LMP)‘s stock close price. This rating was disclosed in analysts report on 30 November.

Londonmetric Property PLC (LON:LMP) Ratings Coverage

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 18.44% above today’s (GBX 143.9) stock price. LondonMetric Property has been the topic of 57 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Panmure Gordon on Wednesday, September 2 with “Buy”. The rating was maintained by Canaccord Genuity on Friday, January 29 with “Buy”. The firm has “Add” rating given on Tuesday, April 12 by Peel Hunt. Canaccord Genuity maintained it with “Buy” rating and GBX 191 target price in Tuesday, December 1 report. The rating was upgraded by Jefferies on Thursday, October 27 to “Buy”. Morgan Stanley maintained the shares of LMP in a report on Wednesday, October 7 with “Hold” rating. Canaccord Genuity maintained Londonmetric Property PLC (LON:LMP) on Thursday, December 10 with “Buy” rating. Numis Securities maintained the shares of LMP in a report on Thursday, March 24 with “Hold” rating. The stock has “Add” rating given by Peel Hunt on Wednesday, June 1. As per Wednesday, August 31, the company rating was downgraded by Morgan Stanley.

About 1.11M 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 903.81 million GBP. The Company’s divisions include Retail, Distribution, Offices, Residential and Development. It has a 10.91 P/E ratio. The Firm is involved in retailer-led distribution, out of town and convenience retail.

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