LondonMetric Property (LON:LMP) Stock Crosses Above 200-Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMP) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 193.13 and traded as high as GBX 199.30. LondonMetric Property shares last traded at GBX 196.20, with a volume of 6,857,653 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on LMP shares. Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 230 target price on shares of LondonMetric Property in a research note on Wednesday, May 13th. Finally, Berenberg Bank reduced their price target on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research note on Wednesday, June 17th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, LondonMetric Property currently has a consensus rating of “Moderate Buy” and an average price target of GBX 227.20.

LondonMetric Property Price Performance

The company has a debt-to-equity ratio of 63.49, a current ratio of 1.78 and a quick ratio of 0.81. The firm’s 50 day moving average is GBX 188.33 and its 200 day moving average is GBX 193.13. The firm has a market cap of £4.58 billion, a P/E ratio of 15.09, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02.

LondonMetric Property (LON:LMP) last announced its quarterly earnings data on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. The business had revenue of £464.60 million for the quarter. As a group, analysts anticipate that LondonMetric Property Plc will post 13.7260274 earnings per share for the current 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.