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

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.

LondonMetric Property Plc (LON:LMP - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 189.84 ($2.56) and traded as low as GBX 178.50 ($2.41). LondonMetric Property shares last traded at GBX 178.60 ($2.41), with a volume of 5,333,927 shares trading hands.

Analyst Ratings Changes

Separately, Deutsche Bank Aktiengesellschaft assumed coverage on shares of LondonMetric Property in a research note on Wednesday, July 2nd. They issued a "buy" rating and a GBX 230 price target on the stock. Two research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of GBX 230.

LondonMetric Property Stock Performance

The firm's 50 day moving average is GBX 187.70 and its two-hundred day moving average is GBX 189.72. The stock has a market capitalization of £4.18 billion, a PE ratio of 1,055.29, a P/E/G ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 53.84, a quick ratio of 0.81 and a current ratio of 0.68.

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.