LSL Property Services (LON:LSL) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Shares of LSL Property Services plc (LON:LSL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 265.20 and traded as high as GBX 272. LSL Property Services shares last traded at GBX 265, with a volume of 339,936 shares.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt restated a “buy” rating and issued a GBX 360 target price on shares of LSL Property Services in a report on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 370.50.

LSL Property Services Stock Performance

The firm has a 50-day simple moving average of GBX 257.57 and a 200 day simple moving average of GBX 265.20. The company has a market cap of £266.79 million, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09. The company has a quick ratio of 1.06, a current ratio of 1.30 and a debt-to-equity ratio of 62.42.

LSL Property Services Company Profile

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising. The Financial Services segment offers compliance and other services to mortgage and insurance networks. The Surveying & Valuation segment provides valuations and professional surveying services of residential properties to various lenders and individual customers; data services to lenders; and asset management services, including managing the sale of residential properties on behalf of corporate clients and property investors.