Londonmetric Property PLC (LON:LMP)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $201.57. Londonmetric Property shares last traded at $198.50, with a volume of 687,471 shares trading hands.
Several brokerages have recently commented on LMP. Peel Hunt reaffirmed an “add” rating on shares of Londonmetric Property in a research note on Thursday, August 8th. Royal Bank of Canada reiterated a “sector performer” rating on shares of Londonmetric Property in a report on Monday, June 24th. Barclays boosted their price objective on Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the company an “overweight” rating in a report on Tuesday, June 4th. Finally, Liberum Capital reiterated a “hold” rating on shares of Londonmetric Property in a report on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 207 ($2.70).
The company has a fifty day simple moving average of GBX 206.60 and a two-hundred day simple moving average of GBX 200.42. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 46.06. The company has a market cap of $1.67 billion and a PE ratio of 11.64.
About Londonmetric Property (LON:LMP)
LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.
Featured Article: How do buyers and sellers choose a strike price?
Receive News & Ratings for Londonmetric Property Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Londonmetric Property and related companies with MarketBeat.com's FREE daily email newsletter.