LondonMetric Property (LON:LMP) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Shares of LondonMetric Property Plc (LON:LMP) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 192.02 and traded as high as GBX 193.30. LondonMetric Property shares last traded at GBX 187.60, with a volume of 367,626,063 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on LMP. Berenberg Bank upped their target price on LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a report on Tuesday, January 27th. Shore Capital Group reiterated a “buy” rating on shares of LondonMetric Property in a report on Thursday, December 4th. Five research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, LondonMetric Property has a consensus rating of “Buy” and a consensus target price of GBX 244.

LondonMetric Property Trading Up 0.1%

The company has a market capitalization of £4.38 billion, a P/E ratio of 12.59, a P/E/G ratio of 3.27 and a beta of 1.00. The stock’s 50 day moving average is GBX 202.79 and its 200-day moving average is GBX 192.02. The company has a debt-to-equity ratio of 60.64, a current ratio of 0.38 and a quick ratio of 0.81.

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.