LondonMetric Property (LON:LMP) Stock Crosses Below 200 Day Moving Average – Time to Sell?

Shares of LondonMetric Property Plc (LON:LMP) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 193.80 and traded as low as GBX 187.20. LondonMetric Property shares last traded at GBX 187.70, with a volume of 4,872,030 shares.

Wall Street Analyst Weigh In

LMP has been the topic of several recent analyst reports. The Goldman Sachs Group cut their price objective on shares of LondonMetric Property from GBX 210 to GBX 190 and set a “neutral” rating on the stock in a report on Monday, March 30th. Shore Capital Group restated a “buy” rating on shares of LondonMetric Property in a report on Thursday, April 16th. Finally, Berenberg Bank raised their price target on shares of LondonMetric Property from GBX 269 to GBX 282 and gave the company a “buy” rating in a report on Tuesday, January 27th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 233.20.

LondonMetric Property Price Performance

The company has a debt-to-equity ratio of 60.64, a current ratio of 0.38 and a quick ratio of 0.81. The company’s 50-day simple moving average is GBX 191.98 and its 200-day simple moving average is GBX 193.80. The company has a market cap of £4.38 billion, a price-to-earnings ratio of 12.60, a P/E/G ratio of 3.27 and a beta of 1.02.

About LondonMetric Property

LondonMetric is a FTSE 100 REIT that owns and manages desirable real estate that meets occupiers demands and delivers reliable, repetitive and growing income-led returns and outperforms over the long term. As a real estate owner, we look to help occupiers, communities and stakeholders grow, thrive and revitalise in an evolving and complex world.