Derwent London (LON:DLN) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Derwent London Plc (LON:DLN)’s share price passed below its two hundred day moving average during trading on Monday. The stock has a two hundred day moving average of GBX 1,848.13 and traded as low as GBX 1,798. Derwent London shares last traded at GBX 1,798, with a volume of 120,325 shares traded.

Analyst Ratings Changes

Several brokerages have recently commented on DLN. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,492 price objective on shares of Derwent London in a research report on Wednesday, July 1st. Berenberg Bank cut their target price on shares of Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating on the stock in a research note on Monday, September 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,850 price target on shares of Derwent London in a research note on Friday, August 7th. Three research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of GBX 1,889.

Derwent London Price Performance

The stock has a market capitalization of £2.00 billion, a P/E ratio of 42.59, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The business’s 50 day simple moving average is GBX 1,983.32 and its two-hundred day simple moving average is GBX 1,848.92. The company has a quick ratio of 0.38, a current ratio of 1.12 and a debt-to-equity ratio of 41.50.

Derwent London (LON:DLN) last posted its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) EPS for the quarter. Derwent London had a return on equity of 1.35% and a net margin of 11.97%. As a group, sell-side analysts forecast that Derwent London Plc will post 113.7351779 earnings per share for the current fiscal year.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.