LSL Property Services (LON:LSL) Stock Price Passes Above 200 Day Moving Average – Here’s Why

LSL Property Services plc (LON:LSL) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 233.71 and traded as high as GBX 236. LSL Property Services shares last traded at GBX 228, with a volume of 33,583 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a GBX 361 target price on shares of LSL Property Services in a research note on Friday, May 15th. Shore Capital Group reiterated a “house stock” rating on shares of LSL Property Services in a research note on Friday, May 15th. Two investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, LSL Property Services presently has a consensus rating of “Buy” and a consensus target price of GBX 360.50.

LSL Property Services Price Performance

The business’s fifty day moving average price is GBX 215.71 and its 200 day moving average price is GBX 233.71. The company has a debt-to-equity ratio of 55.75, a current ratio of 2.25 and a quick ratio of 1.05. The stock has a market cap of £225.14 million, a P/E ratio of 14.07, a PEG ratio of 1.49 and a beta of 0.42.

Insider Buying and Selling at LSL Property Services

In related news, insider Sonya Ghobrial bought 4,716 shares of the business’s stock in a transaction on Thursday, May 21st. The shares were purchased at an average price of GBX 212 per share, for a total transaction of £9,997.92. Also, insider James Mack bought 11,737 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were bought at an average cost of GBX 213 per share, for a total transaction of £24,999.81. Insiders acquired 97,638 shares of company stock worth $20,900,657 over the last 90 days. 21.17% of the stock is owned by corporate insiders.

LSL Property Services Company Profile

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.