LondonMetric Property (LON:LMP) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

LondonMetric Property Plc (LON:LMP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 191.85 and traded as high as GBX 200.80. LondonMetric Property shares last traded at GBX 197.90, with a volume of 6,953,574 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on LMP. Peel Hunt reissued a “buy” rating and issued a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday, November 18th. Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Finally, Berenberg Bank lifted their price objective on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has a consensus rating of “Buy” and an average price target of GBX 244.

LondonMetric Property Stock Performance

The company has a debt-to-equity ratio of 60.64, a current ratio of 0.38 and a quick ratio of 0.81. The business has a 50-day simple moving average of GBX 202.62 and a 200-day simple moving average of GBX 191.85. The firm has a market capitalization of £4.62 billion, a PE ratio of 13.28, a P/E/G ratio of 3.27 and a beta of 1.00.

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.