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

Shares of LondonMetric Property Plc (LON:LMP) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 191.35 and traded as high as GBX 212. LondonMetric Property shares last traded at GBX 207.20, with a volume of 11,047,486 shares trading hands.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Peel Hunt restated a “buy” rating and set a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday, November 18th. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Thursday, December 4th. Finally, Berenberg Bank lifted their price target on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a report on Tuesday, January 27th. Five analysts have rated the stock with a Buy rating, According to MarketBeat.com, LondonMetric Property currently has a consensus rating of “Buy” and a consensus price target of GBX 244.

LondonMetric Property Price Performance

The firm has a market capitalization of £4.81 billion, a P/E ratio of 13.83, a PEG ratio of 3.27 and a beta of 0.98. The company has a debt-to-equity ratio of 60.64, a quick ratio of 0.81 and a current ratio of 0.38. The firm has a 50-day moving average of GBX 200.84 and a 200-day moving average of GBX 191.35.

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.