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

LondonMetric Property Plc (LON:LMP) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 191.85 and traded as high as GBX 200.80. LondonMetric Property shares last traded at GBX 197.90, with a volume of 6,953,574 shares trading hands.

Analyst Ratings Changes

A number of brokerages have recently issued reports on LMP. Peel Hunt restated a “buy” rating and issued a GBX 240 price objective on shares of LondonMetric Property in a research note on Tuesday, November 18th. Berenberg Bank upped their target price on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a research note on Tuesday, January 27th. 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 presently has a consensus rating of “Buy” and a consensus price target of GBX 244.

LondonMetric Property Trading Down 0.3%

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 stock has a market cap of £4.51 billion, a P/E ratio of 12.97, a P/E/G ratio of 3.27 and a beta of 1.00. The company has a 50-day simple moving average of GBX 202.80 and a 200-day simple moving average of GBX 191.88.

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.