LondonMetric stock slips as brokers trim targets

Published on 09/15/2026 at 13:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LondonMetric stock closed at GBX 176.30 on September 14, 2026, down 0.96 percent. Citigroup cut its target to 203 pence as Barclays set 220 pence.

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LondonMetric Property plc (ISIN GB00B4WFW713) stock ended September 14, 2026 at GBX 176.30 on the London Stock Exchange, down 0.96 percent on the day. The move came after a broker round-up on September 14, 2026, with Citigroup cutting its target to 203 pence and Barclays starting coverage at 220 pence.

Targets still sit above the quote

According to ad hoc news on September 14, 2026, Citigroup reduced its price target from 235 pence to 203 pence while keeping a buy rating. The same report said Barclays reinitiated coverage with an overweight rating and a 220 pence target.

The gap is still meaningful. At GBX 176.30 on September 14, 2026, the shares traded 13.4 percent below Barclays' 220 pence target and 13.7 percent below Citigroup's 203 pence level.

Picton deal lands

As ad hoc news reported on September 14, 2026, the all-share takeover of Picton Property Income by LondonMetric Property and Schroder Real Estate Investment Trust became effective last week. The same report said Picton shareholders received 0.190 new LondonMetric shares and 0.894 new Schroder Real Estate Investment Trust shares for each Picton share.

That matters because it adds portfolio scale while also increasing equity dilution from the share consideration. The market reaction remained modest, with the stock at GBX 176.30 on September 14, 2026 and an intraday range between GBX 175.13 and GBX 177.90 on volume of 8.87 million shares.

Share level and scale

Based on the same September 14, 2026 price snapshot, LondonMetric's market value stood at about GBP 4.16 billion. The shares were also about 6.5 percent below the GBX 189.70 level seen at the start of the year, a clear year-to-date comparison.