Derwent London (LON:DLN) Sets New 52-Week Low – Should You Sell?

Derwent London Plc (LON:DLN)’s stock price hit a new 52-week low on Monday . The company traded as low as GBX 1,604 ($21.89) and last traded at GBX 1,619 ($22.10), with a volume of 16742 shares traded. The stock had previously closed at GBX 1,616 ($22.06).

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the company. Shore Capital reaffirmed a “buy” rating on shares of Derwent London in a research report on Monday, August 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Derwent London in a research report on Wednesday, August 13th. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has a consensus rating of “Buy”.

Derwent London Trading Up 0.9%

The stock has a market capitalization of £1.84 billion, a PE ratio of 777.38, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The firm has a 50-day moving average price of GBX 1,817.23 and a 200-day moving average price of GBX 1,880.34. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68.

Derwent London (LON:DLN) last announced its earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 earnings per share (EPS) for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. As a group, equities analysts forecast that Derwent London Plc will post 113.7351779 EPS 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.