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LondonMetric Property (LON:LMP) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

LondonMetric Property logo with Real Estate background

Key Points

  • LondonMetric Property Plc's stock recently fell below its 200-day moving average of GBX 189.84, recording a low of GBX 178.50 during trading.
  • Deutsche Bank has initiated coverage with a "buy" rating and set a target price of GBX 230, aligning with a consensus rating of "Buy" from analysts.
  • The company has a market capitalization of £4.17 billion and notable financial metrics including a price-to-earnings ratio of 1,051.18 and a debt-to-equity ratio of 53.84.
  • Five stocks to consider instead of LondonMetric Property.

Shares of LondonMetric Property Plc (LON:LMP - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 189.84 ($2.57) and traded as low as GBX 178.50 ($2.42). LondonMetric Property shares last traded at GBX 178.60 ($2.42), with a volume of 5,333,927 shares changing hands.

Wall Street Analysts Forecast Growth

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

Get Our Latest Stock Report on LMP

LondonMetric Property Stock Performance

The company has a current ratio of 0.68, a quick ratio of 0.81 and a debt-to-equity ratio of 53.84. The firm has a fifty day moving average price of GBX 187.99 and a 200 day moving average price of GBX 189.71. The firm has a market cap of £4.18 billion, a PE ratio of 1,052.94, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90.

About LondonMetric Property

(Get Free Report)

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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