LondonMetric Property (LON:LMP) Stock Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• LondonMetric Property's stock price has dropped below its 200-day moving average, trading as low as GBX 181.10 ($2.43) against a moving average of GBX 189.79 ($2.55).
• Deutsche Bank has initiated coverage with a "buy" rating and set a target price of GBX 230, indicating positive outlook from analysts.
• The company boasts a market cap of £4.25 billion, with financial ratios including a high P/E ratio of 1,070.59 and a debt-to-equity ratio of 53.84, marking significant financial leverage.

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 189.79 ($2.55) and traded as low as GBX 181.10 ($2.43). LondonMetric Property shares last traded at GBX 181.70 ($2.44), with a volume of 5,494,696 shares traded.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft started coverage on LondonMetric Property in a research report on Wednesday, July 2nd. They issued a "buy" rating and a GBX 230 target price for the company. One research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and a consensus price target of GBX 230.

LondonMetric Property Trading Up 0.2%

The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68. The company has a market cap of £4.25 billion, a P/E ratio of 1,070.59, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The stock has a 50-day moving average of GBX 185.39 and a two-hundred day moving average of GBX 189.79.

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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