LSL Property Services (LON:LSL) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Shares of LSL Property Services plc (LON:LSL) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 232.65 and traded as high as GBX 246. LSL Property Services shares last traded at GBX 242, with a volume of 187,607 shares traded.

Wall Street Analyst Weigh In

LSL has been the subject of several research analyst reports. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 361 target price on shares of LSL Property Services in a research report on Friday, May 15th. Shore Capital Group reissued a “house stock” rating on shares of LSL Property Services in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of GBX 360.50.

LSL Property Services Stock Performance

The company’s 50 day moving average price is GBX 218.67 and its 200-day moving average price is GBX 232.65. The company has a debt-to-equity ratio of 55.75, a quick ratio of 1.05 and a current ratio of 2.25. The company has a market cap of £238.96 million, a PE ratio of 14.94, a price-to-earnings-growth ratio of 1.49 and a beta of 0.42.

Insiders Place Their Bets

In other news, insider Adrian Collins acquired 23,295 shares of LSL Property Services stock in a transaction on Wednesday, May 20th. The stock was acquired at an average cost of GBX 213 per share, with a total value of £49,618.35. Also, insider Sonya Ghobrial bought 4,716 shares of the firm’s stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of GBX 212 per share, with a total value of £9,997.92. Insiders have bought 97,638 shares of company stock valued at $20,900,657 in the last quarter. 21.17% of the stock is currently owned by company insiders.

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.