LondonMetric Property (LON:LMP) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

LondonMetric Property Plc (LON:LMP) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 188.68 and traded as high as GBX 202.40. LondonMetric Property shares last traded at GBX 199.60, with a volume of 7,801,613 shares.

Wall Street Analyst Weigh In

LMP has been the subject of a number of analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 269 price target on shares of LondonMetric Property in a research report on Thursday, November 20th. Shore Capital restated a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Jefferies Financial Group raised their target price on LondonMetric Property from GBX 219 to GBX 224 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday, November 18th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of GBX 240.75.

LondonMetric Property Stock Down 0.3%

The firm has a 50-day moving average of GBX 189.74 and a two-hundred day moving average of GBX 188.68. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84. The company has a market capitalization of £4.64 billion, a PE ratio of 13.36, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90.

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

LondonMetric Property Company Profile

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.