LondonMetric Property (LON:LMP) Stock Passes Above 200 Day Moving Average – Time to Sell?

LondonMetric Property Plc (LON:LMP) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 189.34 and traded as high as GBX 204.70. LondonMetric Property shares last traded at GBX 203.80, with a volume of 7,199,087 shares changing hands.

Wall Street Analyst Weigh In

LMP has been the topic of a number of analyst reports. Berenberg Bank lifted their price target on LondonMetric Property from GBX 269 to GBX 282 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Peel Hunt restated a “buy” rating and issued a GBX 240 target price on shares of LondonMetric Property in a report on Tuesday, November 18th. Jefferies Financial Group upped their price target on shares of LondonMetric Property from GBX 219 to GBX 224 and gave the company a “buy” rating in a report on Tuesday, October 28th. Finally, Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research report on Thursday, December 4th. Five analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 244.

LondonMetric Property Trading Down 0.4%

The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68. The stock has a market capitalization of £4.75 billion, a P/E ratio of 13.65, 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 193.28 and a two-hundred day moving average price of GBX 189.34.

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

About LondonMetric Property

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.