LondonMetric Property (LON:LMP) Shares Pass Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• LondonMetric Property's shares dipped below its 200-day moving average (GBX 193.39), trading as low as GBX 191.60 and last at GBX 193.80 on volume of about 4.95 million shares.
• Analysts hold a Moderate Buy consensus with an average price target of GBX 233.20 (five Buys, one Hold); recent divergence includes Goldman Sachs cutting its target to GBX 190/neutral while Berenberg and Shore Capital remain bullish.
• As a FTSE 100 REIT, LondonMetric has a market cap of £4.48bn, P/E ~12.9, significant leverage (debt/equity 60.6) and tight liquidity (current ratio 0.38), which could affect risk and valuation.

LondonMetric Property Plc (LON:LMP - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 193.39 and traded as low as GBX 191.60. LondonMetric Property shares last traded at GBX 193.80, with a volume of 4,948,808 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in 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 on the stock in a research report on Monday, March 30th. Berenberg Bank raised their price objective on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the stock a "buy" rating in a research report on Tuesday, January 27th. Finally, Shore Capital Group reaffirmed a "buy" rating on shares of LondonMetric Property in a research note on Thursday, April 16th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, LondonMetric Property has a consensus rating of "Moderate Buy" and an average price target of GBX 233.20.

LondonMetric Property Price Performance

The company has a 50 day moving average of GBX 196.46 and a 200 day moving average of GBX 193.39. The company has a debt-to-equity ratio of 60.64, a quick ratio of 0.81 and a current ratio of 0.38. The stock has a market capitalization of £4.48 billion, a price-to-earnings ratio of 12.89, a PEG ratio of 3.27 and a beta of 1.04.

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.

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