LSL Property Services (LON:LSL) Stock Breaks Above 200-Day Moving Average – What’s Next?

LSL Property Services plc (LON:LSL – Get Free Report)’s share price crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 237.36 and traded as high as GBX 258. LSL Property Services shares last traded at GBX 257, with a volume of 135,807 shares changing hands.

Wall Street Analyst Weigh In

Separately, Shore Capital Group restated a “house stock” rating on shares of LSL Property Services in a research report on Tuesday, September 15th. Two research analysts have rated the stock with a Buy rating. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 360.50.

Read Our Latest Analysis on LSL Property Services

LSL Property Services Stock Performance

The company has a market cap of £249.42 million, a PE ratio of 15.30, a PEG ratio of 1.49 and a beta of 0.44. The company has a debt-to-equity ratio of 46.65, a quick ratio of 1.05 and a current ratio of 2.60. The firm’s 50 day moving average is GBX 262.07 and its 200-day moving average is GBX 237.50.

LSL Property Services (LON:LSL – Get Free Report) last released its earnings results on Tuesday, September 15th. The company reported GBX 11.90 earnings per share for the quarter. LSL Property Services had a net margin of 9.26% and a return on equity of 21.39%. On average, research analysts anticipate that LSL Property Services plc will post 24.14 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Darrell Evans purchased 2,581 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The stock was purchased at an average price of GBX 246 per share, with a total value of £6,349.26. Insiders purchased 2,696 shares of company stock valued at $664,973 in the last ninety days. 21.39% of the stock is owned by corporate insiders.

LSL Property Services Company Profile

(Get Free Report)

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising. The Financial Services segment offers compliance and other services to mortgage and insurance networks. The Surveying & Valuation segment provides valuations and professional surveying services of residential properties to various lenders and individual customers; data services to lenders; and asset management services, including managing the sale of residential properties on behalf of corporate clients and property investors.

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