LSL Property Services (LON:LSL) Shares Pass Above 200 Day Moving Average – Here’s Why

Shares of LSL Property Services plc (LON:LSL) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 233.71 and traded as high as GBX 236. LSL Property Services shares last traded at GBX 228, with a volume of 33,583 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on LSL shares. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 361 target price on shares of LSL Property Services in a research report on Friday, May 15th. Shore Capital Group reissued a “house stock” rating on shares of LSL Property Services in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the company has an average rating of “Buy” and an average target price of GBX 360.50.

LSL Property Services Price Performance

The company has a debt-to-equity ratio of 55.75, a current ratio of 2.25 and a quick ratio of 1.05. The stock’s fifty day simple moving average is GBX 215.71 and its 200-day simple moving average is GBX 233.71. The company has a market capitalization of £225.14 million, a P/E ratio of 14.07, a PEG ratio of 1.49 and a beta of 0.42.

Insider Transactions at LSL Property Services

In other LSL Property Services news, insider Gaby Appleton purchased 4,617 shares of the business’s stock in a transaction dated Thursday, May 21st. The stock was bought at an average cost of GBX 215 per share, for a total transaction of £9,926.55. Also, insider Adrian Collins purchased 7,000 shares of the business’s stock in a transaction dated Wednesday, May 20th. The shares were acquired at an average price of GBX 212 per share, with a total value of £14,840. Over the last three months, insiders have acquired 97,638 shares of company stock worth $20,900,657. Insiders own 21.17% of the company’s stock.

About LSL Property Services

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising. The Financial Services segment offers compliance and other services to mortgage and insurance networks. The Surveying & Valuation segment provides valuations and professional surveying services of residential properties to various lenders and individual customers; data services to lenders; and asset management services, including managing the sale of residential properties on behalf of corporate clients and property investors.