Derwent London (LON:DLN) Hits New 1-Year Low - What's Next?

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 during mid-day trading on Tuesday . The company traded as low as GBX 1,632 ($22.11) and last traded at GBX 1,685.33 ($22.83), with a volume of 10141 shares trading hands. The stock had previously closed at GBX 1,664 ($22.54).

Analysts Set New Price Targets

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

Derwent London Stock Up 1.4%

The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. The stock has a fifty day moving average of GBX 1,862.13 and a 200 day moving average of GBX 1,891.01. The firm has a market capitalization of £1.89 billion, a P/E ratio of 798.20, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03.

Derwent London (LON:DLN - Get Free Report) last released 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%. On average, research analysts anticipate that Derwent London Plc will post 113.7351779 EPS for the current fiscal 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.

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