LSL Property Services (LON:LSL) Shares Pass Above 200-Day Moving Average – What’s Next?

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 231.94 and traded as high as GBX 260.48. LSL Property Services shares last traded at GBX 258, with a volume of 137,302 shares.

Analysts Set New Price Targets

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

LSL Property Services Stock Up 1.2%

The company has a current ratio of 2.25, a quick ratio of 1.05 and a debt-to-equity ratio of 55.75. The firm has a market capitalization of £253.82 million, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.42. The company’s fifty day simple moving average is GBX 224.33 and its 200 day simple moving average is GBX 231.94.

Insider Activity at LSL Property Services

In related news, insider David Tilak acquired 22,922 shares of the stock in a transaction on Friday, May 22nd. The stock was acquired at an average cost of GBX 217 per share, for a total transaction of £49,740.74. Also, insider Adrian Collins acquired 23,295 shares of the stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of GBX 213 per share, with a total value of £49,618.35. Insiders have bought 100,151 shares of company stock valued at $21,520,487 over the last three months. Corporate insiders own 21.26% 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.