LSL Property Services (LON:LSL) Shares Pass Above 200 Day Moving Average – Here’s Why

LSL Property Services plc (LON:LSL) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 231.94 and traded as high as GBX 260.48. LSL Property Services shares last traded at GBX 258, with a volume of 137,302 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on LSL. Shore Capital Group reaffirmed a “house stock” rating on shares of LSL Property Services in a research report on Friday, May 15th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 361 target price on shares of LSL Property Services in a report on Friday, May 15th. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, LSL Property Services currently has a consensus rating of “Buy” and an average price target of GBX 360.50.

LSL Property Services Stock Up 1.2%

The company’s fifty day simple moving average is GBX 224.33 and its 200-day simple moving average is GBX 231.94. The company has a debt-to-equity ratio of 55.75, a current ratio of 2.25 and a quick ratio of 1.05. The firm has a market capitalization of £253.82 million, a PE ratio of 15.93, a price-to-earnings-growth ratio of 1.49 and a beta of 0.42.

Insider Transactions at LSL Property Services

In other LSL Property Services news, insider David Tilak acquired 22,922 shares of the stock in a transaction dated Friday, May 22nd. The stock was purchased at an average price of GBX 217 per share, with a total value of £49,740.74. Also, insider Darrell Evans bought 2,581 shares of the company’s stock in a transaction that occurred on Thursday, July 30th. The shares were acquired at an average price of GBX 246 per share, for a total transaction of £6,349.26. Over the last three months, insiders have acquired 100,151 shares of company stock worth $21,520,487. 21.26% of the stock is currently owned by corporate insiders.

About LSL Property Services

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.