Breaking Finance News

HSBC announced LondonMetric Property (LON:LMP), bumping up its stock price target to 163.00GBX today

In a report released on 9/30/2016 HSBC increased the stock price target of LondonMetric Property (LON:LMP) from 142.00GBX to 163.00GBX reporting a possible upside of 0.03%.

Previously on 8/31/2016, Morgan Stanley reported on LondonMetric Property (LON:LMP) increased the target price from 145.00GBX to 154.00GBX. At the time, this indicated a possible upside of 0%.

Just yesterday LondonMetric Property (LON:LMP) traded -0.56% lower at 158.90GBX. LondonMetric Property’s 50-day moving average is 162.60GBX and its 200-day moving average is 159.88GBX. The last closing price is down 0.08% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 659,804 shares of LMP traded hands, down from an average trading volume of 1,340,490

Recent Performance Chart

LondonMetric Property (LON:LMP)

LondonMetric Property has 52 week low of 133.90GBX and a 52 week high of 171.40GBX with a PE ratio of 12.03 and has a market capitalization of 0 GBX.

In addition to HSBC reporting its stock price target, a total of 10 brokers have issued a research note on the company. The average stock price target is 164.70GBX with 1 broker rating the stock a strong buy, 2 brokers rating the stock a buy, 6 brokers rating the stock a hold, 0 brokers rating the stock a underperform, and finally 1 broker rating the stock a sell.

Brief Synopsis On LondonMetric Property (LON:LMP)

LondonMetric Property Plc is a property investment and development company. The Company's segments include Retail, Distribution, Offices, Residential and Development. The Company is involved in retailer-led distribution, out of town and convenience retail. The Company's portfolio includes distribution and retail businesses across the United Kingdom. The Company has approximately 12.1 million square feet under management. The Company's distribution properties under development include Wakefield, Warrington, Bedford, Stoke and Crawley. The Company's retail properties under development include King's Lynn, Ipswich, Leicester, Coventry and Loughborough. The Company's subsidiaries include London & Stamford Property Limited, LondonMetric Management Limited, LSI (Investments) Limited, LSI Developments Limited, LondonMetric Saturn Limited, Metric Property Investments plc, LondonMetric Retail Distribution I Limited and LondonMetric Saturn II Limited.

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