LSL Property Services (LON:LSL) Stock Crosses Above 200-Day Moving Average – What’s Next?

LSL Property Services plc (LON:LSL) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 265.20 and traded as high as GBX 272. LSL Property Services shares last traded at GBX 265, with a volume of 339,936 shares traded.

Wall Street Analysts Forecast Growth

Separately, Peel Hunt reaffirmed a “buy” rating and set a GBX 360 price target on shares of LSL Property Services in a research note on Tuesday, November 11th. Two analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has an average rating of “Buy” and an average price target of GBX 370.50.

LSL Property Services Trading Down 0.7%

The firm has a market cap of £266.79 million, a P/E ratio of 17.55, a price-to-earnings-growth ratio of 1.49 and a beta of 1.09. The business’s 50 day moving average is GBX 257.57 and its 200-day moving average is GBX 265.20. The company has a quick ratio of 1.06, a current ratio of 1.30 and a debt-to-equity ratio of 62.42.

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.