LondonMetric Property (LON:LMP) Stock Price Passes Above 200-Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMP) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 192.02 and traded as high as GBX 193.30. LondonMetric Property shares last traded at GBX 187.60, with a volume of 367,626,063 shares traded.

Analyst Upgrades and Downgrades

LMP has been the subject of several recent research reports. Berenberg Bank boosted their price objective on LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. 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 a consensus price target of GBX 244.

LondonMetric Property Trading Up 0.1%

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 firm’s 50 day moving average price is GBX 202.79 and its 200 day moving average price is GBX 192.02. The stock has a market capitalization of £4.38 billion, a P/E ratio of 12.59, 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.