Freeport-McMoRan stock tumbles after Trump imposes copper tariffs
Investing.com - Deutsche Bank (ETR:DBKGn) has reinstated coverage on LondonMetric Property PLC (LON:LMP) (OTC:LNSPF) with a Buy rating and a price target of GBP2.30.
Deutsche Bank forecasts approximately 4% three-year EPS CAGR for LondonMetric, noting this represents healthy growth on a starting earnings yield on NTA of 6.6% and a 6.0% dividend yield.
The bank suggests this growth could be supplemented by future acquisitions and lower debt costs when interest rates decrease, supported by the BBB+ credit rating recently awarded to LondonMetric by Fitch.
Deutsche Bank expects LondonMetric to deliver double-digit total annual returns, backed by what it describes as a high proportion of resilient income.
The GBP2.30 price target is based on a 5-10% premium to net tangible assets, with Deutsche Bank noting that the share price is currently trading in line with NTA.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.