LondonMetric Property (LON:LMP) Shares Cross Below Two Hundred Day Moving Average – Time to Sell?

LondonMetric Property Plc (LON:LMP) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 192.82 and traded as low as GBX 187.36. LondonMetric Property shares last traded at GBX 188.50, with a volume of 3,476,648 shares traded.

Analyst Ratings Changes

Several brokerages have commented on LMP. The Goldman Sachs Group decreased their price objective on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a research note on Monday, March 30th. Berenberg Bank decreased their target price on shares of LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating for the company in a research report on Wednesday, June 17th. Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a research report on Tuesday, May 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 230 price target on shares of LondonMetric Property in a report on Wednesday, May 13th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, LondonMetric Property presently has an average rating of “Moderate Buy” and a consensus target price 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 stock has a fifty day simple moving average of GBX 186.25 and a 200-day simple moving average of GBX 192.84. The company has a market capitalization of £4.51 billion, a price-to-earnings ratio of 14.85, a P/E/G ratio of 3.27 and a beta of 1.02.

LondonMetric Property (LON:LMP) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 16.21 EPS for the quarter. The business had revenue of £464.60 million for the quarter. LondonMetric Property had a net margin of 63.65% and a return on equity of 6.29%. On average, equities research analysts anticipate 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.