Derwent London (LON:DLN) Sets New 1-Year Low - Here's Why

Key Points

• Derwent London Plc shares reached a new 52-week low at GBX 1,632 ($22.11) during trading and last traded at GBX 1,685.33 ($22.83).
• Despite the drop, analysts maintain an average rating of "Buy" for the stock, with firms like Shore Capital and JPMorgan Chase reaffirming positive ratings.
• The company reported negative earnings with a return on equity of -10.41% and anticipates an EPS of 113.74 for the current fiscal year.

Derwent London Plc (LON:DLN - Get Free Report)'s share price hit a new 52-week low on Tuesday . The company traded as low as GBX 1,632 ($22.13) and last traded at GBX 1,685.33 ($22.85), with a volume of 10141 shares changing hands. The stock had previously closed at GBX 1,664 ($22.56).

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Derwent London in a report on Wednesday, August 13th. Shore Capital reissued a "buy" rating on shares of Derwent London in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy".

Derwent London Stock Down 1.6%

The business's fifty day moving average price is GBX 1,831.11 and its 200 day moving average price is GBX 1,883.50. The company has a market capitalization of £1.81 billion, a P/E ratio of 764.61, a P/E/G ratio of 23.10 and a beta of 1.03. 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 - Get Free Report) last released its quarterly earnings data on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 EPS for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. As a group, equities research analysts predict 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.