LondonMetric Property (LON:LMP) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

LondonMetric Property Plc (LON:LMP)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 193.68 and traded as low as GBX 187.40. LondonMetric Property shares last traded at GBX 190.20, with a volume of 475,100,438 shares.

Analyst Ratings Changes

LMP has been the subject of several recent research reports. The Goldman Sachs Group dropped their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a research report on Monday, March 30th. Berenberg Bank increased their price target on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research report on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 233.20.

LondonMetric Property Stock Up 0.4%

The stock has a market capitalization of £4.44 billion, a P/E ratio of 12.77, a P/E/G ratio of 3.27 and a beta of 1.04. The company has a current ratio of 0.38, a quick ratio of 0.81 and a debt-to-equity ratio of 60.64. The firm’s fifty day moving average is GBX 194.30 and its 200-day moving average is GBX 193.75.

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.