LondonMetric Property (LON:LMP) Stock Passes Below 200-Day Moving Average – Here’s What Happened

Shares of LondonMetric Property Plc (LON:LMP) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 188.78 and traded as low as GBX 186.90. LondonMetric Property shares last traded at GBX 188.84, with a volume of 5,708,058 shares trading hands.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Jefferies Financial Group increased their target price on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Shore Capital reiterated a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Peel Hunt reiterated a “buy” rating and issued a GBX 240 price objective on shares of LondonMetric Property in a research report on Tuesday, November 18th. Finally, Berenberg Bank restated a “buy” rating and set a GBX 269 target price on shares of LondonMetric Property in a report on Thursday, November 20th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of GBX 240.75.

LondonMetric Property Trading Up 0.6%

The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84. The company has a market cap of £4.44 billion, a PE ratio of 12.76, a PEG ratio of 3.27 and a beta of 0.90. The stock has a 50 day moving average price of GBX 188.32 and a 200 day moving average price of GBX 188.78.

LondonMetric Property (LON:LMP) last posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a return on equity of 3.87% and a net margin of 66.69%. Sell-side analysts predict that LondonMetric Property Plc will post 13.7260274 EPS for the current fiscal year.

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.