LondonMetric stock slips after Goldman Sachs cuts target

Published on 09/07/2026 at 21:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LondonMetric stock is trading around 182.48 GBX as Goldman Sachs cut its target to 200 pence and kept a Neutral view. The latest quarter showed GBP 238.9 million revenue and GBP 165.4 million net profit.

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LondonMetric Property plc (GB00B4WFW713) traded at 182.48 GBX on the London Stock Exchange, while Goldman Sachs cut its target to 200 pence and kept a Neutral view on September 7, 2026.Goldman Sachs The stock is still above the 52-week low zone shown by current market data and below the broker target.

Target cut sets the tone

The latest broker call matters because it comes with a concrete change: Goldman Sachs reduced its price target from 210 pence to 200 pence on September 7, 2026.Goldman Sachs That leaves the gap between the 182.48 GBX quote and the new target at 17.52 pence, or 9.6 percent.

TipRanks also shows a Hold consensus and an average target of p217.33 for LondonMetric Property on the same quarter-earnings backdrop.TipRanks For investors, that mix matters more than the day move alone.

Quarterly numbers still support it

The latest earnings release cited by TipRanks covers the quarter ending March 31 and shows revenue of GBP 238.9 million and net profit of GBP 165.4 million.TipRanks In the comparable period a year earlier, revenue was GBP 204.8 million and net profit was GBP 184.1 million, which means revenue rose 16.6 percent while profit fell 10.2 percent.

That split is the key detail. The company is still growing the top line, but the profit comparison shows the margin picture is the cleaner read-through for the stock than revenue alone.

Chart and income profile

Zonebourse lists LondonMetric Property at 182.48 GBX in London trading, with year-to-date performance of 5.16 percent and a 1-year move of -1.49 percent as of September 7, 2026.Zonebourse The same market table shows a 52-week range of 2.24 to 2.99 in its quoted display, which keeps the shares in the middle of that band.

Zonebourse also puts market capitalization at USD 5.84 billion and daily volume at 7,112 shares for the quoted OTC venue snapshot.Zonebourse The move is modest, but the valuation frame is clear: the stock is not testing a fresh high.

London stores and leases

LondonMetric's property model is built around long-income assets, and TipRanks links the latest quarter to GBP 238.9 million of revenue from that portfolio base.TipRanks The cash-flow story will keep mattering because the broker cut came after the company had already shown higher revenue but lower net profit in the March 31 quarter.

Stock near the broker view

At 182.48 GBX, LondonMetric stock sits 9.6 percent below Goldman Sachs' 200 pence target on September 7, 2026.Goldman Sachs The current quote leaves the shares close to the middle of the quoted 52-week band, not at the top end.