Latest Stocks: Jefferies Group LLC Raises Londonmetric Property PLC (LMP) Price Target to GBX 185

Latest Stocks: Jefferies Group LLC Raises Londonmetric Property PLC (LMP) Price Target to GBX 185

Londonmetric Property PLC (LON:LMP) had its price target lifted by Jefferies Group LLC from GBX 170 ($2.20) to GBX 185 ($2.39) in a research note released on Thursday morning. They currently have a hold rating on the stock.

A number of other research firms also recently commented on LMP. JPMorgan Chase & Co. restated an overweight rating and set a GBX 175 ($2.26) price objective on shares of Londonmetric Property PLC in a research note on Thursday, June 1st. Peel Hunt increased their price objective on shares of Londonmetric Property PLC from GBX 170 ($2.20) to GBX 180 ($2.33) and gave the stock an add rating in a research note on Wednesday, May 31st. Numis Securities Ltd restated a hold rating and set a GBX 152 ($1.96) price objective on shares of Londonmetric Property PLC in a research note on Wednesday, May 31st. Liberum Capital restated a hold rating and set a GBX 155 ($2.00) price objective on shares of Londonmetric Property PLC in a research note on Thursday, March 23rd. Finally, HSBC Holdings plc upgraded shares of Londonmetric Property PLC to a buy rating and increased their price objective for the stock from GBX 163 ($2.11) to GBX 166 ($2.14) in a research note on Thursday, March 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 166.71 ($2.15).

Shares of Londonmetric Property PLC (LON:LMP) opened at 166.70 on Thursday. Londonmetric Property PLC has a 12 month low of GBX 133.90 and a 12 month high of GBX 172.10. The firm’s market cap is GBX 1.04 billion. The firm has a 50 day moving average price of GBX 167.72 and a 200-day moving average price of GBX 155.22.

The company also recently announced a dividend, which will be paid on Monday, July 10th. Investors of record on Thursday, June 8th will be paid a GBX 2.10 ($0.03) dividend. This is an increase from Londonmetric Property PLC’s previous dividend of $1.80. This represents a yield of 1.25%. The ex-dividend date is Thursday, June 8th.

In other news, insider Andrew Livingston bought 32,895 shares of the business’s stock in a transaction that occurred on Thursday, March 23rd. The stock was acquired at an average cost of GBX 152 ($1.96) per share, for a total transaction of £50,000.40 ($64,608.35). Also, insider Patrick Vaughan sold 15,500 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The shares were sold at an average price of GBX 169 ($2.18), for a total transaction of £26,195 ($33,848.04). About Londonmetric Property PLC

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