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

Key Points

• LSL Property Services shares moved above their 200-day moving average, trading as high as GBX 236 before last changing hands at GBX 228. The move came on volume of 33,583 shares.
• Analysts remain upbeat on the stock, with Jefferies reaffirming a buy rating and a GBX 361 price target. MarketBeat says the consensus rating is also Buy with an average target of GBX 360.50.
• Insiders have been buying shares recently, including purchases by James Mack and Gaby Appleton in May. Over the last 90 days, insiders acquired 97,638 shares, and they currently own 21.17% of the company.

LSL Property Services plc (LON:LSL - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 233.71 and traded as high as GBX 236. LSL Property Services shares last traded at GBX 228, with a volume of 33,583 shares traded.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on LSL shares. Shore Capital Group reissued a "house stock" rating on shares of LSL Property Services in a research report on Friday, May 15th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 361 price target on shares of LSL Property Services in a research report on Friday, May 15th. Two research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of "Buy" and an average target price of GBX 360.50.

LSL Property Services Trading Up 0.9%

The business has a 50-day moving average price of GBX 215.71 and a two-hundred day moving average price of GBX 233.71. The stock has a market capitalization of £225.14 million, a P/E ratio of 14.07, a P/E/G ratio of 1.49 and a beta of 0.42. The company has a current ratio of 2.25, a quick ratio of 1.05 and a debt-to-equity ratio of 55.75.

Insiders Place Their Bets

In other news, insider James Mack acquired 11,737 shares of LSL Property Services stock in a transaction on Wednesday, May 20th. The shares were purchased at an average cost of GBX 213 per share, for a total transaction of £24,999.81. Also, insider Gaby Appleton bought 4,617 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was purchased at an average cost of GBX 215 per share, for a total transaction of £9,926.55. Insiders have acquired 97,638 shares of company stock valued at $20,900,657 over the last 90 days. 21.17% 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. The Financial Services segment offers compliance and other services to mortgage and insurance networks. The Surveying & Valuation segment provides valuations and professional surveying services of residential properties to various lenders and individual customers; data services to lenders; and asset management services, including managing the sale of residential properties on behalf of corporate clients and property investors.

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