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LondonMetric Property ( (GB:LMP) ) has issued an update.
LondonMetric Property PLC has announced the issuance of 5,580,799 ordinary shares as part of its scrip dividend scheme, following a declared interim dividend of 3.3 pence per share. This move will increase the company’s issued share capital to 2,342,906,209 shares, all of which will have voting rights, potentially impacting shareholder calculations under the Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:LMP) stock is a Buy with a £215.00 price target. To see the full list of analyst forecasts on LondonMetric Property stock, see the GB:LMP Stock Forecast page.
Spark’s Take on GB:LMP Stock
According to Spark, TipRanks’ AI Analyst, GB:LMP is a Outperform.
LondonMetric Property scores well across financial performance, technical analysis, and corporate events. The company’s robust financial health and strategic corporate actions are significant strengths. Technical indicators show strong momentum, although caution is advised due to potential overbought conditions. The stock’s reasonable valuation and high dividend yield further bolster its attractiveness.
To see Spark’s full report on GB:LMP stock, click here.
More about LondonMetric Property
LondonMetric Property PLC operates in the real estate industry, focusing on property investment and management. The company primarily deals with logistics and retail properties, catering to a market that demands efficient and strategically located real estate solutions.
Average Trading Volume: 9,656,130
Technical Sentiment Signal: Buy
Current Market Cap: £4.76B
Find detailed analytics on LMP stock on TipRanks’ Stock Analysis page.