Citigroup cuts LondonMetric target. LondonMetric stock stays 18.18 percent below its high

Published on 10/01/2026 at 15:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

The new target is GBp 203 versus GBp 235 on September 14, 2026. LondonMetric stock costs EUR 2.10 on October 1, 2026 versus EUR 2.12.

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LondonMetric (ISIN GB00B4WFW713) stock was EUR 2.10 at Lang & Schwarz on October 1, 2026 at 3:17 p.m. CEST, down 0.94 percent from the EUR 2.12 prior close. Morningstar reported on September 14, 2026, that Citigroup cut its LondonMetric target from GBp 235 to GBp 203 while retaining a buy rating.

Target cut meets a wider range

The revised target puts the analyst view below its previous level, but it remains above the LSE quote of GBp 176.90 at 1:22 p.m. BST on October 1, 2026. LondonMetric's stock was 18.18 percent below its 52-week high of GBp 216.20, calculated from the same primary-exchange snapshot.

The same Morningstar report said Barclays reinitiated coverage with an overweight rating and a GBp 220 target. The split between a lower Citigroup target and a higher Barclays target gives the stock a meaningful valuation spread rather than a single market view.

Income growth supports the case

LondonMetric completed its Picton Property Income transaction with Schroder Real Estate Investment Trust on September 11, 2026, issuing 97.6 million new shares. Boerse Express reported that the enlarged share base followed the transaction and that LondonMetric sold seven properties for GBP 85 million while investing GBP 62 million in acquisitions.

Yahoo Finance reported that fiscal year 2026 net rental income rose 16.60 percent to GBP 455.3 million and EPRA earnings increased 13.90 percent to GBP 305.3 million. The company also raised its total dividend for fiscal year 2026 by 3.80 percent to GBP 0.1245 per share.

LondonMetric's investor materials describe a net-net-net property model focused on recurring income and progressive dividends. That income profile matters because the analyst debate is centered on valuation, while the operating figures show growth in the recurring earnings base.

LondonMetric stock stays below its high

The euro reference price remained intraday at EUR 2.10 at Lang & Schwarz on October 1, 2026 at 3:17 p.m. CEST, minus 0.94 percent versus the EUR 2.12 prior close at Lang & Schwarz on September 30, 2026. The LSE range for the same date was GBp 175.10 to GBp 216.20, and market capitalization was GBP 4.1 billion.