LondonMetric Property (LON:LMP) Stock Price Passes Above 200 Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMP)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 192.27 and traded as high as GBX 195.90. LondonMetric Property shares last traded at GBX 194.70, with a volume of 3,474,674 shares.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on LMP. Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 target price on shares of LondonMetric Property in a research report on Wednesday, May 13th. Finally, Berenberg Bank cut their price target 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 equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 227.20.

LondonMetric Property Stock Performance

The company has a current ratio of 1.78, a quick ratio of 0.81 and a debt-to-equity ratio of 63.49. The company’s 50-day simple moving average is GBX 191.65 and its 200-day simple moving average is GBX 192.19. The stock has a market capitalization of £4.42 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 3.27 and a beta of 1.02.

About LondonMetric Property

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.