LondonMetric Property (LON:LMP) Share Price Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of LondonMetric Property Plc (LON:LMP) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on LMP shares. The Goldman Sachs Group lowered their price target on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating for the company in a report on Monday, March 30th. Berenberg Bank reduced their price objective on LondonMetric Property from GBX 282 to GBX 252 and set a “buy” rating on the stock in a research report on Wednesday, June 17th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 230 target price on shares of LondonMetric Property in a research report on Wednesday, May 13th. Finally, Shore Capital Group reissued a “buy” rating on shares of LondonMetric Property in a research note on Tuesday, May 12th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 227.20.

LondonMetric Property Price Performance

The company has a fifty day simple moving average of GBX 186.25 and a 200 day simple moving average of GBX 192.82. The stock has a market capitalization of £4.40 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 3.27 and a beta of 1.02. The company has a debt-to-equity ratio of 63.49, a quick ratio of 0.81 and a current ratio of 1.78.

LondonMetric Property (LON:LMP) last issued its quarterly earnings results on Thursday, May 21st. The company reported GBX 16.21 earnings per share for the quarter. LondonMetric Property had a return on equity of 6.29% and a net margin of 63.65%.The company had revenue of £464.60 million during the quarter. Equities research analysts forecast that LondonMetric Property Plc will post 13.7260274 EPS for the current fiscal 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.