LondonMetric Property (LON:LMP) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

LondonMetric Property Plc (LON:LMP) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 192.94 and traded as low as GBX 190.70. LondonMetric Property shares last traded at GBX 191.80, with a volume of 5,624,158 shares.

Analyst Upgrades and Downgrades

LMP has been the topic of a number of recent research reports. The Goldman Sachs Group cut their target price on LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Berenberg Bank increased their target price on LondonMetric Property from GBX 269 to GBX 282 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 233.20.

LondonMetric Property Price Performance

The company has a market capitalization of £4.48 billion, a PE ratio of 12.87, a PEG ratio of 3.27 and a beta of 1.04. 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 has a 50-day moving average of GBX 197.39 and a 200 day moving average of GBX 192.94.

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.