LondonMetric Property (LON:LMP) Shares Cross Below 200 Day Moving Average – What’s Next?

LondonMetric Property Plc (LON:LMP) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 192.50 and traded as low as GBX 181.08. LondonMetric Property shares last traded at GBX 187.40, with a volume of 690,887,125 shares changing hands.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. The Goldman Sachs Group cut their price objective on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a report on Monday, March 30th. Berenberg Bank boosted their price objective 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, LondonMetric Property currently has an average rating of “Moderate Buy” and a consensus price target of GBX 233.20.

LondonMetric Property Stock Performance

The stock’s fifty day moving average price is GBX 198.41 and its two-hundred day moving average price is GBX 192.54. 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 company has a market cap of £4.49 billion, a P/E ratio of 12.92, a P/E/G ratio of 3.27 and a beta of 1.04.

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.