LondonMetric Property (LON:LMP) Stock Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of LondonMetric Property Plc (LON:LMP) passed below its 200-day moving average during trading on Tuesday. The stock has a 200-day moving average of GBX 187.85 and traded as low as GBX 178.10. LondonMetric Property shares last traded at GBX 180, with a volume of 5,616,858 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank decreased 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 given a Hold rating to the company. According to MarketBeat.com, LondonMetric Property currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 227.20.

LondonMetric Property Stock Performance

The stock has a market capitalization of £4.00 billion, a PE ratio of 13.15, a P/E/G ratio of 3.27 and a beta of 1.01. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78. The firm has a 50 day moving average of GBX 187.93 and a 200-day moving average of GBX 187.75.

About LondonMetric Property

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.