LSL Property Services (LON:LSL) Stock Breaks Above 200-Day Moving Average - What's Next?

Key Points

• LSL Property Services shares broke above their 200-day moving average, reaching GBX 262 and last trading at GBX 260, compared with a 200-day average of GBX 234.01.
• Analysts maintain a positive outlook: Shore Capital reiterated its “house stock” rating, while the two analyst ratings tracked by MarketBeat are Buy, with an average price target of GBX 360.50.
• The company reported quarterly EPS of GBX 11.90, alongside a 21.39% return on equity and 9.26% net margin; insider Darrell Evans also purchased 2,581 shares, and insiders own 21.39% of the stock.

LSL Property Services plc (LON:LSL - Get Free Report) passed above its two hundred day moving average during trading on Wednesday. The stock has a two hundred day moving average of GBX 234.01 and traded as high as GBX 262. LSL Property Services shares last traded at GBX 260, with a volume of 69,125 shares trading 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 equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, LSL Property Services presently has an average rating of "Buy" and an average price target of GBX 360.50.

LSL Property Services Trading Down 0.8%

The firm has a 50 day moving average of GBX 260 and a 200 day moving average of GBX 234.01. The firm has a market cap of £253.83 million, a PE ratio of 16.05, a P/E/G ratio of 1.49 and a beta of 0.44. The company has a quick ratio of 1.05, a current ratio of 2.60 and a debt-to-equity ratio of 46.65.

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

Insider Buying and Selling at LSL Property Services

In other LSL Property Services news, insider Darrell Evans purchased 2,581 shares of the stock in a transaction dated Thursday, July 30th. The shares were bought at an average price of GBX 246 per share, with a total value of £6,349.26. 21.39% of the stock is owned by insiders.

LSL Property Services Company Profile

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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