LSL Property Services (LON:LSL) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• LSL Property Services shares have crossed above their two hundred day moving average for the first time, indicating a potential shift in market sentiment.
• The stock is currently trading at GBX 288 ($3.92), but has seen a decline of 1.4% in recent trading sessions.
• Insider buying activity is notable, with 3,427 shares purchased by insiders over the last quarter, showing confidence from corporate insiders in the company's future performance.

Shares of LSL Property Services plc (LON:LSL - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 284.28 ($3.83) and traded as high as GBX 288 ($3.88). LSL Property Services shares last traded at GBX 288 ($3.88), with a volume of 12,027 shares traded.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LSL. Peel Hunt reaffirmed a "buy" rating and set a GBX 360 target price on shares of LSL Property Services in a research note on Thursday. Jefferies Financial Group raised LSL Property Services to a "buy" rating and increased their price objective for the company from GBX 280 to GBX 381 in a research note on Thursday. Two analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus target price of GBX 370.50.

LSL Property Services Stock Down 0.7%

The firm has a market capitalization of £287.25 million, a price-to-earnings ratio of 1,678.57, a P/E/G ratio of 1.49 and a beta of 1.09. The business has a 50 day simple moving average of GBX 283.80 and a 200-day simple moving average of GBX 284.46. The company has a debt-to-equity ratio of 62.42, a quick ratio of 1.06 and a current ratio of 1.30.

LSL Property Services (LON:LSL - Get Free Report) last issued its earnings results on Wednesday, September 17th. The company reported GBX 11 earnings per share (EPS) for the quarter. LSL Property Services had a return on equity of 13.68% and a net margin of 6.74%. On average, equities analysts expect that LSL Property Services plc will post 24.137931 EPS for the current year.

Insider Activity

In related news, insider Adam Castleton bought 3,328 shares of the business's stock in a transaction on Tuesday, July 29th. The stock was acquired at an average cost of GBX 297 per share, with a total value of £9,884.16. Over the last three months, insiders acquired 3,427 shares of company stock valued at $1,018,531. 20.42% of the stock is owned by company insiders.

About LSL Property Services

LSL Property Services plc, together with its subsidiaries, engages in the provision of business-to-business services to mortgage intermediaries and estate agency franchisees, and valuation services to lenders in the United Kingdom. The company operates through three segments: Financial Services, Surveying & Valuation, and Estate Agency Franchising.