Derwent London (LON:DLN) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Derwent London Plc (LON:DLN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,753.03 and traded as high as GBX 1,780. Derwent London shares last traded at GBX 1,751, with a volume of 436,541 shares traded.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Berenberg Bank raised their price objective on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. lowered shares of Derwent London to a “neutral” rating and reduced their target price for the stock from GBX 2,400 to GBX 2,100 in a report on Friday, November 28th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Derwent London has a consensus rating of “Moderate Buy” and an average price target of GBX 2,228.67.

Derwent London Stock Down 0.1%

The firm’s fifty day simple moving average is GBX 1,832.64 and its 200 day simple moving average is GBX 1,753.17. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. The company has a market cap of £1.96 billion, a price-to-earnings ratio of 8.28, a PEG ratio of 23.10 and a beta of 1.22.

Derwent London (LON:DLN) last announced its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. Sell-side analysts predict that Derwent London Plc will post 113.7351779 earnings per share for the current year.

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.