Londonmetric Property (LON:LMP) Stock Crosses Above Two Hundred Day Moving Average of $0.00

Londonmetric Property PLC (LON:LMP)’s share price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $0.00 and traded as high as $201.57. Londonmetric Property shares last traded at $198.50, with a volume of 687,471 shares trading hands.

Several brokerages have recently commented on LMP. Peel Hunt reaffirmed an “add” rating on shares of Londonmetric Property in a research note on Thursday, August 8th. Royal Bank of Canada reiterated a “sector performer” rating on shares of Londonmetric Property in a report on Monday, June 24th. Barclays boosted their price objective on Londonmetric Property from GBX 195 ($2.55) to GBX 210 ($2.74) and gave the company an “overweight” rating in a report on Tuesday, June 4th. Finally, Liberum Capital reiterated a “hold” rating on shares of Londonmetric Property in a report on Thursday, May 23rd. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 207 ($2.70).

The company has a fifty day simple moving average of GBX 206.60 and a two-hundred day simple moving average of GBX 200.42. The company has a current ratio of 0.73, a quick ratio of 0.70 and a debt-to-equity ratio of 46.06. The company has a market cap of $1.67 billion and a PE ratio of 11.64.

In other news, insider Martin McGann sold 21,723 shares of the stock in a transaction dated Tuesday, June 18th. The stock was sold at an average price of GBX 209 ($2.73), for a total value of £45,401.07 ($59,324.54). Also, insider Patrick Vaughan sold 78,334 shares of the stock in a transaction dated Friday, July 19th. The shares were sold at an average price of GBX 206 ($2.69), for a total value of £161,368.04 ($210,855.93). In the last 90 days, insiders have sold 284,257 shares of company stock worth $58,806,311.

About Londonmetric Property (LON:LMP)

LondonMetric is a FTSE 250 REIT (ticker: LMP) that specialises in distribution, convenience and long income property. It focuses on strong and growing income and enhancing capital values. LondonMetric has 13 million sq ft under management.

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