LondonMetric Property (LON:LMP) Shares Cross Above 200-Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMPGet Free Report)’s share price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 192.94 and traded as high as GBX 195.60. LondonMetric Property shares last traded at GBX 193.50, with a volume of 4,982,659 shares traded.

Analyst Upgrades and Downgrades

LMP has been the topic of several research reports. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 230 target price on shares of LondonMetric Property in a research note on Wednesday, May 13th. Finally, Berenberg Bank lowered their target price on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating for the company in a report on Wednesday, June 17th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 227.20.

View Our Latest Stock Analysis on LondonMetric Property

LondonMetric Property Stock Down 0.1%

The firm has a market capitalization of £4.52 billion, a P/E ratio of 14.84, a P/E/G ratio of 3.27 and a beta of 1.02. The company has a fifty day simple moving average of GBX 189.31 and a 200 day simple moving average of GBX 192.89. The company has a quick ratio of 0.81, a current ratio of 1.78 and a debt-to-equity ratio of 63.49.

LondonMetric Property (LON:LMPGet Free Report) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. The firm had revenue of £464.60 million during the quarter. LondonMetric Property had a return on equity of 6.29% and a net margin of 63.65%. On average, equities analysts expect that LondonMetric Property Plc will post 13.7260274 EPS for the current fiscal year.

LondonMetric Property Company Profile

(Get Free Report)

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.

Further Reading

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