LSL Property Services (LON:LSL) Stock Crosses Above Two Hundred Day Moving Average – Here’s Why

LSL Property Services plc (LON:LSL)’s stock price crossed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 236.05 and traded as high as GBX 261. LSL Property Services shares last traded at GBX 256, with a volume of 151,866 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital Group restated a “house stock” rating on shares of LSL Property Services in a research report on Tuesday, September 15th. Two analysts have rated the stock with a Buy rating. According to MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of GBX 360.50.

LSL Property Services Stock Performance

The firm has a market cap of £249.42 million, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.49 and a beta of 0.44. The stock has a 50 day moving average of GBX 262.26 and a 200 day moving average of GBX 236.28. The company has a quick ratio of 1.05, a current ratio of 2.60 and a debt-to-equity ratio of 46.65.

LSL Property Services (LON:LSL) last posted its quarterly earnings data on Tuesday, September 15th. The company reported GBX 11.90 earnings per share for the quarter. LSL Property Services had a net margin of 9.26% and a return on equity of 21.39%. As a group, analysts anticipate that LSL Property Services plc will post 24.14 EPS for the current fiscal year.

Insider Buying and Selling at LSL Property Services

In other news, insider Darrell Evans purchased 2,581 shares of the business’s stock in a transaction dated Thursday, July 30th. The stock was bought at an average price of GBX 246 per share, with a total value of £6,349.26. Over the last ninety days, insiders have purchased 2,696 shares of company stock worth $664,973. Corporate insiders own 21.39% of the company’s stock.

About LSL Property Services

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.