LondonMetric Property (LON:LMP) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

LondonMetric Property Plc (LON:LMP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 189.86 ($2.54) and traded as low as GBX 180.50 ($2.41). LondonMetric Property shares last traded at GBX 181.20 ($2.42), with a volume of 115,108,984 shares changing hands.

Analyst Ratings Changes

LMP has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft initiated coverage on shares of LondonMetric Property in a report on Wednesday, July 2nd. They issued a “buy” rating and a GBX 230 price target for the company. Peel Hunt reissued a “buy” rating and issued a GBX 240 price target on shares of LondonMetric Property in a report on Tuesday. Finally, Shore Capital reissued a “buy” rating on shares of LondonMetric Property in a report on Tuesday. Three equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, LondonMetric Property presently has a consensus rating of “Buy” and a consensus price target of GBX 235.

LondonMetric Property Stock Up 0.3%

The business’s fifty day moving average price is GBX 184.25 and its 200 day moving average price is GBX 189.86. The company has a market capitalization of £4.23 billion, a P/E ratio of 1,065.88, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84.

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.