LondonMetric Property (LON:LMP – Get Free Report) 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
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.
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