LondonMetric Property (LON:LMP) Shares Pass Above 200-Day Moving Average of $176.56

Posted by Defense World Staff on Nov 17th, 2023

LondonMetric Property Plc (LON:LMP – Get Free Report)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 176.56 ($2.17) and traded as high as GBX 188.20 ($2.31). LondonMetric Property shares last traded at GBX 179.70 ($2.21), with a volume of 1,806,513 shares traded.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Numis Securities reissued an “add” rating and set a GBX 230 ($2.82) target price on shares of LondonMetric Property in a research report on Monday, September 11th. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Monday, September 11th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of GBX 211.25 ($2.59).

Check Out Our Latest Report on LondonMetric Property

LondonMetric Property Price Performance

The firm has a market cap of £1.99 billion, a P/E ratio of -345.58, a price-to-earnings-growth ratio of 8.25 and a beta of 0.84. The stock’s 50-day moving average is GBX 171.56 and its 200-day moving average is GBX 176.56. The company has a quick ratio of 0.81, a current ratio of 0.45 and a debt-to-equity ratio of 50.97.

LondonMetric Property Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, October 9th. Investors of record on Thursday, August 31st were given a GBX 2.40 ($0.03) dividend. The ex-dividend date was Thursday, August 31st. This represents a yield of 1.38%. LondonMetric Property’s dividend payout ratio (DPR) is currently -1,923.08%.

About LondonMetric Property

(Get Free Report)

LondonMetric is a FTSE 250 REIT that owns one of the UK's leading listed logistics platforms alongside a grocery-led long income portfolio, with 16.5 million sq ft under management. It owns and manages desirable real estate that meets occupiers' demands, delivers reliable, repetitive and growing income-led returns and outperforms over the long term.