LondonMetric Property (LON:LMP) Shares Cross Below 200-Day Moving Average – Here’s What Happened

LondonMetric Property Plc (LON:LMP – Get Free Report) passed 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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on LMP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 230 target price on shares of LondonMetric Property in a research report on Wednesday, May 13th. Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th. The Goldman Sachs Group lowered their price target on LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a research note on Monday, March 30th. Finally, Berenberg Bank dropped their price objective on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating for the company in a research note on Wednesday, June 17th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, LondonMetric Property has an average rating of “Moderate Buy” and an average price target of GBX 227.20.

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LondonMetric Property Stock Performance

The company has a 50-day simple moving average of GBX 186.94 and a 200-day simple moving average of GBX 192.99. The stock has a market cap of £4.53 billion, a P/E ratio of 14.92, a P/E/G ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78.

LondonMetric Property (LON:LMP – Get Free Report) last posted 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 firm had revenue of £464.60 million during the quarter. On average, sell-side analysts forecast that LondonMetric Property Plc will post 13.7260274 EPS for the current fiscal year.

LondonMetric Property Company Profile

(Get Free Report)

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.

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