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

Key Points

• Intraday technical move: LondonMetric briefly crossed above its 200‑day moving average (200‑day MA GBX 192.02), hitting an intraday high of GBX 193.30, though it last traded at GBX 187.60 on heavy volume (367,626,063 shares).
• Analyst sentiment: Five analysts rate the stock a Buy with a consensus price target of GBX 244; Berenberg raised its target to GBX 282 and Shore Capital reiterated a Buy.
• Key fundamentals: The REIT has a market cap of £4.38 billion and a P/E of 12.59, but shows moderate leverage (debt‑to‑equity 60.64) and low liquidity (current ratio 0.38, quick ratio 0.81).

LondonMetric Property Plc (LON:LMP - Get Free Report) shares crossed 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

LMP has been the subject of several recent research reports. Berenberg Bank boosted their price objective on LondonMetric Property from GBX 269 to GBX 282 and gave the company a "buy" rating in a research report on Tuesday, January 27th. Shore Capital Group restated a "buy" rating on shares of LondonMetric Property in a report on Thursday, December 4th. Five investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of GBX 244.

LondonMetric Property Trading Up 0.1%

The company has a debt-to-equity ratio of 60.64, a current ratio of 0.38 and a quick ratio of 0.81. The firm's 50 day moving average price is GBX 202.79 and its 200 day moving average price is GBX 192.02. The stock 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.