LondonMetric Property (LON:LMP – Get Free Report) was upgraded by Citigroup to a “buy” rating in a research report issued to clients and investors on Wednesday, Digital Look reports. The brokerage presently has a GBX 251 ($3.23) price target on the stock. Citigroup’s target price would suggest a potential upside of 24.46% from the company’s previous close.
Separately, Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a research note on Thursday, May 30th.
Read Our Latest Report on LondonMetric Property
LondonMetric Property Price Performance
Insider Transactions at LondonMetric Property
In related news, insider Andrew Jones sold 239,863 shares of the firm’s stock in a transaction that occurred 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). Company 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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