LSL Property Services (LON:LSL) Stock Price Crosses Above 200 Day Moving Average of $261.43

LSL Property Services plc (LON:LSL – Get Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 261.43 ($3.25) and traded as high as GBX 278 ($3.46). LSL Property Services shares last traded at GBX 278 ($3.46), with a volume of 31,079 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Numis Securities reiterated a “buy” rating and set a GBX 400 ($4.98) target price on shares of LSL Property Services in a research report on Thursday.

LSL Property Services Trading Down 3.7 %

The stock has a market capitalization of £270.35 million, a P/E ratio of -428.33, a price-to-earnings-growth ratio of 1.49 and a beta of 1.18. The company has a current ratio of 1.61, a quick ratio of 1.06 and a debt-to-equity ratio of 10.09. The stock’s fifty day moving average price is GBX 270.09 and its two-hundred day moving average price is GBX 261.49.

LSL Property Services Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, June 2nd. Investors of record on Thursday, April 27th will be issued a dividend of GBX 7.40 ($0.09) per share. This is a positive change from LSL Property Services’s previous dividend of $4.00. This represents a yield of 3.01%. The ex-dividend date is Thursday, April 27th. LSL Property Services’s dividend payout ratio is currently -1,833.33%.

About LSL Property Services

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LSL Property Services plc provides services to mortgage intermediaries, specialist mortgage and insurance advice to estate agency and new build customers, and valuation services to mortgage lenders in the United Kingdom. It operates through three segments: Financial Services, Surveying and Valuation Services, and Estate Agency.