Derwent London (LON:DLN) Shares Pass Above Two Hundred Day Moving Average – Should You Sell?

Shares of Derwent London Plc (LON:DLN) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,830.30 and traded as high as GBX 2,078. Derwent London shares last traded at GBX 2,078, with a volume of 227,906 shares traded.

Analyst Upgrades and Downgrades

DLN has been the subject of several recent analyst reports. UBS Group reaffirmed a “sell” rating and set a GBX 1,650 target price on shares of Derwent London in a research note on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,850 price target on shares of Derwent London in a research note on Friday, August 7th. 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. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,210 price objective on shares of Derwent London in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat, Derwent London has an average rating of “Hold” and an average target price of GBX 1,956.50.

Derwent London Price Performance

The business has a 50-day moving average of GBX 2,020.13 and a 200 day moving average of GBX 1,831.21. The company has a current ratio of 1.12, a quick ratio of 0.38 and a debt-to-equity ratio of 41.50. The firm has a market capitalization of £2.29 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19.

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

Derwent London declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

About Derwent London

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.