LondonMetric Property (LON:LMP) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

LondonMetric Property Plc (LON:LMP)’s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 193.68 and traded as low as GBX 187.40. LondonMetric Property shares last traded at GBX 190.20, with a volume of 475,100,438 shares changing hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Thursday, April 16th. Berenberg Bank boosted their price target on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Finally, The Goldman Sachs Group dropped their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a research report on Monday, March 30th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, LondonMetric Property has a consensus rating of “Moderate Buy” and an average price target of GBX 233.20.

LondonMetric Property Price Performance

The company has a market capitalization of £4.44 billion, a P/E ratio of 12.77, a P/E/G ratio of 3.27 and a beta of 1.04. The business’s 50-day simple moving average is GBX 194.30 and its 200 day simple moving average is GBX 193.68. The company has a current ratio of 0.38, a quick ratio of 0.81 and a debt-to-equity ratio of 60.64.

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.