LondonMetric Property (LON:LMP) Lifted to “Buy” at Citigroup

LondonMetric Property (LON:LMP) was upgraded by equities research analysts at Citigroup to a “buy” rating in a research report issued to clients and investors on Wednesday, Digital Look reports. The firm presently has a GBX 251 ($3.23) price target on the stock. Citigroup’s price target suggests a potential upside of 24.46% from the company’s previous close.

Separately, Shore Capital restated a “buy” rating on shares of LondonMetric Property in a research report on Thursday, May 30th.

LondonMetric Property Stock Performance

LON LMP opened at GBX 201.67 ($2.59) on Wednesday. LondonMetric Property has a 1 year low of GBX 152.30 ($1.96) and a 1 year high of GBX 210.80 ($2.71). The company has a debt-to-equity ratio of 43.79, a current ratio of 0.47 and a quick ratio of 0.81. The stock has a market capitalization of £4.11 billion, a PE ratio of -1,061.41, a P/E/G ratio of 3.27 and a beta of 0.86. The company’s 50 day simple moving average is GBX 198.22 and its two-hundred day simple moving average is GBX 195.42.

Insider Activity

In related news, insider Andrew Jones sold 239,863 shares of LondonMetric Property stock in a transaction on Monday, June 17th. The shares were sold at an average price of GBX 195 ($2.51), for a total value of £467,732.85 ($601,663.04). Corporate insiders own 6.11% of the company’s stock.

About LondonMetric Property

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 17 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.