LondonMetric Property Plc (LON:LMP – Get Rating)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 198.60 ($2.40) and last traded at GBX 198.80 ($2.40), with a volume of 357784 shares. The stock had previously closed at GBX 208.40 ($2.52).
Wall Street Analyst Weigh In
Several research analysts have weighed in on LMP shares. Berenberg Bank lowered LondonMetric Property to a “sell” rating and lowered their price target for the stock from GBX 280 ($3.38) to GBX 200 ($2.42) in a research report on Wednesday, August 31st. JPMorgan Chase & Co. boosted their target price on LondonMetric Property from GBX 335 ($4.05) to GBX 340 ($4.11) and gave the stock an “overweight” rating in a report on Monday, June 27th. Barclays reduced their price target on LondonMetric Property from GBX 320 ($3.87) to GBX 280 ($3.38) and set an “overweight” rating for the company in a research note on Monday, July 4th. Finally, Shore Capital restated a “buy” rating on shares of LondonMetric Property in a research note on Friday, September 2nd. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of GBX 286.33 ($3.46).
LondonMetric Property Price Performance
The company has a 50 day moving average of GBX 230.56 and a 200-day moving average of GBX 246.62. The firm has a market capitalization of £1.95 billion and a P/E ratio of 267.18. The company has a current ratio of 1.46, a quick ratio of 0.98 and a debt-to-equity ratio of 39.93.
LondonMetric Property Cuts Dividend
About LondonMetric Property
LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a diversified long income portfolio, with 16 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.
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