LondonMetric Property (LON:LMP) Shares Cross Below Two Hundred Day Moving Average – Here’s Why

Shares of LondonMetric Property Plc (LON:LMP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 192.99 and traded as low as GBX 192.80. LondonMetric Property shares last traded at GBX 194, with a volume of 259,064,359 shares trading hands.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Berenberg Bank dropped their price target on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Shore Capital Group reaffirmed a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, May 12th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 price objective on shares of LondonMetric Property in a research note on Wednesday, May 13th. Finally, The Goldman Sachs Group dropped their target price on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, LondonMetric Property has an average rating of “Moderate Buy” and an average target price of GBX 227.20.

LondonMetric Property Stock 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 company has a 50 day simple moving average of GBX 187.20 and a 200-day simple moving average of GBX 193. The stock has a market capitalization of £4.56 billion, a P/E ratio of 15.01, a price-to-earnings-growth ratio of 3.27 and a beta of 1.02.

LondonMetric Property (LON:LMP) last posted its quarterly earnings results on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. LondonMetric Property had a return on equity of 6.29% and a net margin of 63.65%.The company had revenue of £464.60 million during the quarter. On average, equities analysts forecast that LondonMetric Property Plc will post 13.7260274 EPS for the current year.

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.