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

Key Points

• LSL Property Services shares broke above their 200-day moving average, reaching GBX 258 before closing at GBX 257, with 135,807 shares traded.
• Analysts remain positive: Shore Capital reiterated its “house stock” rating, while two analysts maintain Buy ratings and a consensus target price of GBX 360.50.
• The company reported quarterly EPS of GBX 11.90, a 21.39% return on equity and a 9.26% net margin; insiders have also bought shares recently and own 21.39% of the company.

LSL Property Services plc (LON:LSL - Get Free Report)'s stock price passed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX 237.36 and traded as high as GBX 258. LSL Property Services shares last traded at GBX 257, with a volume of 135,807 shares changing hands.

Wall Street Analyst Weigh In

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

LSL Property Services Stock Performance

The company has a market capitalization of £249.42 million, a price-to-earnings ratio of 15.30, a PEG ratio of 1.49 and a beta of 0.44. The stock has a 50-day moving average price of GBX 262.29 and a 200-day moving average price of GBX 237.36. The company has a debt-to-equity ratio of 46.65, a current ratio of 2.60 and a quick ratio of 1.05.

LSL Property Services (LON:LSL - Get Free Report) last issued its 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, analysts forecast that LSL Property Services plc will post 24.14 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Darrell Evans acquired 2,581 shares of the firm's stock in a transaction 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. Insiders have acquired 2,696 shares of company stock worth $664,973 over the last three months. 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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