Life Science REIT plc (LON:LABS - Get Free Report)'s share price dropped 0.3% during mid-day trading on Wednesday . The company traded as low as GBX 33.20 ($0.41) and last traded at GBX 33.60 ($0.42). Approximately 504,803 shares changed hands during mid-day trading, a decline of 39% from the average daily volume of 830,460 shares. The stock had previously closed at GBX 33.70 ($0.42).
Analysts Set New Price Targets
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 57 ($0.71) target price on shares of Life Science REIT in a research report on Thursday, October 3rd.
Check Out Our Latest Stock Report on Life Science REIT
Life Science REIT Stock Up 1.2 %
The company has a 50 day simple moving average of GBX 36.79 and a 200-day simple moving average of GBX 36.61. The stock has a market capitalization of £119.00 million, a price-to-earnings ratio of -566.67 and a beta of 0.08.
About Life Science REIT
(
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Life Science REIT plc (the Company) is a closed-ended Real Estate Investment Trust (REIT) incorporated in England and Wales on 27 July 2021. The Company began trading on 19 November 2021 and its shares are admitted to trading on the Premium Listing Segment of the Main Market of the London Stock Exchange.
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