LondonMetric Property Plc (OTCMKTS:LNSPF) Given Consensus Rating of “Moderate Buy” by Analysts

Shares of LondonMetric Property Plc (OTCMKTS:LNSPF – Get Rating) have earned an average rating of “Moderate Buy” from the seven ratings firms that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $312.00.

A number of research firms have commented on LNSPF. Royal Bank of Canada lifted their target price on LondonMetric Property from GBX 305 ($3.65) to GBX 325 ($3.89) in a report on Monday, June 13th. JPMorgan Chase & Co. lifted their target price on LondonMetric Property from GBX 335 ($4.00) to GBX 340 ($4.06) in a report on Monday, June 27th. Barclays reduced their target price on LondonMetric Property from GBX 320 ($3.83) to GBX 280 ($3.35) in a report on Tuesday, July 5th. Finally, Morgan Stanley lifted their target price on LondonMetric Property from GBX 310 ($3.71) to GBX 320 ($3.83) in a report on Monday, March 28th.

LondonMetric Property Price Performance

LondonMetric Property stock opened at $2.80 on Thursday. The stock has a fifty day simple moving average of $2.82 and a two-hundred day simple moving average of $3.30. LondonMetric Property has a 12 month low of $2.80 and a 12 month high of $4.03.

LondonMetric Property Company Profile

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LondonMetric is a FTSE 250 REIT that owns one of the UK’s leading listed logistics platforms alongside a diversified long income portfolio, with 16 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.

Further Reading

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