LSL Property Services (LON:LSL) Share Price Crosses Above 200-Day Moving Average - Time to Sell?

Key Points

• LSL Property Services shares moved above their 200-day moving average, reaching GBX 259 before closing at GBX 249, compared with the 200-day average of GBX 233.20.
• Analysts maintain a positive outlook: Shore Capital reiterated its “house stock” rating, while the consensus rating is Buy with a GBX 360.50 price target.
• The company reported quarterly EPS of GBX 11.90, with a 21.39% return on equity and 9.26% net margin; insider Darrell Evans also purchased 2,581 shares at GBX 246 each.

LSL Property Services plc (LON:LSL - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 233.20 and traded as high as GBX 259. LSL Property Services shares last traded at GBX 249, with a volume of 83,105 shares changing hands.

Analyst Upgrades and Downgrades

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

LSL Property Services Price Performance

The company has a current ratio of 2.60, a quick ratio of 1.05 and a debt-to-equity ratio of 46.65. The stock has a market capitalization of £243.09 million, a P/E ratio of 15.37, a P/E/G ratio of 1.49 and a beta of 0.44. The stock's 50 day simple moving average is GBX 256.82 and its 200 day simple moving average is GBX 233.20.

LSL Property Services (LON:LSL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 15th. The company reported GBX 11.90 EPS for the quarter. LSL Property Services had a return on equity of 21.39% and a net margin of 9.26%. As a group, research analysts predict that LSL Property Services plc will post 24.137931 EPS for the current fiscal year.

Insider Activity

In other news, insider Darrell Evans acquired 2,581 shares of LSL Property Services stock in a transaction that occurred on Thursday, July 30th. The shares were purchased at an average cost of GBX 246 per share, for a total transaction of £6,349.26. Corporate insiders own 21.39% of the company's stock.

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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