LondonMetric Property (LON:LMP) Share Price Passes Above Two Hundred Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMP)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 188.98 and traded as high as GBX 201.40. LondonMetric Property shares last traded at GBX 200, with a volume of 4,933,446 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently commented on LMP shares. Berenberg Bank upped their price target on LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Shore Capital reaffirmed a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th. Peel Hunt reissued a “buy” rating and set a GBX 240 price target on shares of LondonMetric Property in a research report on Tuesday, November 18th. Finally, Jefferies Financial Group upped their price objective on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 244.

LondonMetric Property Stock Performance

The company has a market cap of £4.68 billion, a P/E ratio of 13.45, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The stock has a 50 day moving average price of GBX 191.73 and a two-hundred day moving average price of GBX 188.98. The company has a quick ratio of 0.81, a current ratio of 0.68 and a debt-to-equity ratio of 53.84.

LondonMetric Property (LON:LMP) last announced its quarterly earnings data on Thursday, November 20th. The company reported GBX 6.70 earnings per share (EPS) for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. On average, research analysts predict that LondonMetric Property Plc will post 13.7260274 earnings per share for the current fiscal year.

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.