LondonMetric Property (LMP)

Sector:

Property Investment Trusts

Index:

FTSE 100

185.30p
   
  • Change Today:
      0.40p
  • 52 Week High: 210.20p
  • 52 Week Low: 180.00p
  • Currency: UK Pounds
  • Shares Issued: 2,047.31m
  • Volume: 5,099,182
  • Market Cap: £3,793.66m
  • Beta: 0.93

Citi upgrades LondonMetric to 'buy'

By Michele Maatouk

Date: Wednesday 31 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Citi upgraded LondonMetric on Wednesday to 'buy' from 'neutral' as it said cyclical growth and structural expertise was undervalued.
"We estimate the structural growth opportunity, particularly in logistics to be undervalued as cyclical strength intensifies," the bank said.

"In our view, management's cyclical expertise, proven track record of utilising their diversified strategy, and pivoting to sectors of strength (most recently in logistics) are differentiating features that are undervalued over the long term."

At 1245 BST, the shares were up 1.3% at 201.85p.

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

LMP Market Data

Currency UK Pounds
Share Price 185.30p
Change Today 0.40p
% Change 0.22 %
52 Week High 210.20p
52 Week Low 180.00p
Volume 5,099,182
Shares Issued 2,047.31m
Market Cap £3,793.66m
Beta 0.93

LMP Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
53.71% below the market average53.71% below the market average53.71% below the market average53.71% below the market average53.71% below the market average
75% below the sector average75% below the sector average75% below the sector average75% below the sector average75% below the sector average
Price Trend
8.67% below the market average8.67% below the market average8.67% below the market average8.67% below the market average8.67% below the market average
51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average51.72% above the sector average
Income
50.68% above the market average50.68% above the market average50.68% above the market average50.68% above the market average50.68% above the market average
21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average21.74% above the sector average
Growth
15.74% above the market average15.74% above the market average15.74% above the market average15.74% above the market average15.74% above the market average
50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average50.00% above the sector average

What The Brokers Say

Strong Buy 4
Buy 4
Neutral 5
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

LMP Dividends

  Latest Previous
  1st Interim 4th Interim
Ex-Div 29-Aug-24 13-Jun-24
Paid 08-Oct-24 22-Jul-24
Amount 2.85p 3.00p

Trades for 21-Nov-2024

Time Volume / Share Price
16:35 1,211 @ 185.30p
16:29 114 @ 185.20p
16:29 427 @ 185.12p
16:27 640 @ 185.10p
16:27 1,456 @ 185.10p

LMP Key Personnel

Finance Director Martin McGann
CEO Andrew Jones
Chair Alistair Elliott

Top of Page