LondonMetric Property (LON:LMP) Earns Buy Rating from Analysts at Deutsche Bank Aktiengesellschaft

Stock analysts at Deutsche Bank Aktiengesellschaft assumed coverage on shares of LondonMetric Property (LON:LMP) in a research report issued on Wednesday, Marketbeat reports. The firm set a “buy” rating and a GBX 230 ($3.14) price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would suggest a potential upside of 14.75% from the stock’s previous close.

LondonMetric Property Price Performance

LondonMetric Property stock opened at GBX 200.44 ($2.74) on Wednesday. LondonMetric Property has a 12 month low of GBX 167.10 ($2.28) and a 12 month high of GBX 210.40 ($2.87). The company has a debt-to-equity ratio of 53.84, a current ratio of 0.68 and a quick ratio of 0.81. The business has a 50 day simple moving average of GBX 197.50 and a 200-day simple moving average of GBX 187.59. The stock has a market capitalization of £4.07 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90.

LondonMetric Property (LON:LMP) last released its quarterly earnings data on Tuesday, May 20th. The company reported GBX 15.73 ($0.21) earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. Equities analysts predict that LondonMetric Property will post 13.7260274 earnings per share for the current year.

Insider Buying and Selling at LondonMetric Property

In other LondonMetric Property news, insider Andrew Jones sold 236,495 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 198 ($2.70), for a total value of £468,260.10 ($639,262.94). Also, insider Martin McGann sold 122,555 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of GBX 198 ($2.70), for a total value of £242,658.90 ($331,274.95). Corporate insiders own 6.29% of the company’s stock.

LondonMetric Property Company Profile

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.