LondonMetric Property (LON:LMP) Stock Passes Below Two Hundred Day Moving Average - Should You Sell?

Shares of LondonMetric Property Plc (LON:LMP - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 187.46 ($2.56) and traded as low as GBX 2.05 ($0.03). LondonMetric Property shares last traded at GBX 198.20 ($2.71), with a volume of 14,250,025 shares changing hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft began coverage on shares of LondonMetric Property in a research note on Wednesday. They set a "buy" rating and a GBX 230 ($3.14) price target on the stock.

LondonMetric Property Trading Down 0.1%

The stock has a 50 day moving average of GBX 197.67 and a 200-day moving average of GBX 187.77. The company has a market capitalization of £4.02 billion, a P/E ratio of 20.35, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84.

LondonMetric Property (LON:LMP - Get Free Report) last issued its quarterly earnings results on Tuesday, May 20th. The company reported GBX 15.73 ($0.21) earnings per share for the quarter. LondonMetric Property had a net margin of 66.69% and a return on equity of 3.87%. On average, research analysts predict that LondonMetric Property Plc will post 13.7260274 EPS for the current year.

Insiders Place Their Bets

In other news, insider Andrew Jones sold 236,495 shares of LondonMetric Property stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 198 ($2.70), for a total value of £468,260.10 ($639,437.53). Also, insider Martin McGann sold 122,555 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of GBX 198 ($2.70), for a total value of £242,658.90 ($331,365.42). 6.29% of the stock is currently owned by corporate insiders.

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.