LSL Property Services (LON:LSL) Share Price Breaks Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• LSL Property Services shares rose above their 200-day moving average, reaching GBX 261 and last trading at GBX 256, compared with the 200-day average of GBX 236.05.
• Analysts remain positive, with two Buy ratings, an average consensus rating of “Buy,” and a price target of GBX 360.50.
• The company reported quarterly earnings of GBX 11.90 per share, with a 9.26% net margin and 21.39% return on equity; insiders also purchased shares recently, and insiders own 21.39% of the company.

Shares of LSL Property Services plc (LON:LSL - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of GBX 236.05 and traded as high as GBX 261. LSL Property Services shares last traded at GBX 256, with a volume of 151,866 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital Group reaffirmed a "house stock" rating on shares of LSL Property Services in a research report on Tuesday, September 15th. Two equities research analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of GBX 360.50.

LSL Property Services Stock Performance

The company has a market capitalization of £248.45 million, a price-to-earnings ratio of 15.24, a price-to-earnings-growth ratio of 1.49 and a beta of 0.44. The company has a debt-to-equity ratio of 46.65, a quick ratio of 1.05 and a current ratio of 2.60. The company's fifty day simple moving average is GBX 262.20 and its two-hundred day simple moving average is GBX 236.05.

LSL Property Services (LON:LSL - Get Free Report) last released its earnings results on Tuesday, September 15th. The company reported GBX 11.90 earnings per share for the quarter. LSL Property Services had a net margin of 9.26% and a return on equity of 21.39%. Equities research analysts predict that LSL Property Services plc will post 24.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Darrell Evans purchased 2,581 shares of the firm's stock in a transaction that occurred on Thursday, July 30th. The stock was acquired at an average cost of GBX 246 per share, for a total transaction of £6,349.26. Insiders bought 2,696 shares of company stock valued at $664,973 in the last three months. 21.39% of the stock is currently 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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