Derwent London (LON:DLN) Hits New 52-Week Low - Time to Sell?

Key Points

• Derwent London shares hit a new 52-week low of GBX 1,604 ($21.75) during trading, raising concerns about its performance.
• Despite recent declines, analysts maintain a consensus rating of "Buy" for Derwent London, with notable endorsements from Shore Capital and JPMorgan Chase & Co.
• The company currently holds a market cap of £1.82 billion and reported negative financial metrics, including a return on equity of -10.41% and a net margin of -129.56%.

Derwent London Plc (LON:DLN - Get Free Report) shares hit a new 52-week low on Monday . The company traded as low as GBX 1,604 ($21.74) and last traded at GBX 1,619 ($21.94), with a volume of 16742 shares. The stock had previously closed at GBX 1,616 ($21.90).

Analyst Upgrades and Downgrades

Several research firms have weighed in on DLN. Peel Hunt lowered their target price on Derwent London from GBX 2,385 to GBX 2,290 and set a "buy" rating on the stock in a research note on Thursday. JPMorgan Chase & Co. reaffirmed an "overweight" rating on shares of Derwent London in a research note on Wednesday, August 13th. Finally, Shore Capital reaffirmed a "buy" rating on shares of Derwent London in a research note on Monday, August 11th. Three research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has an average rating of "Buy" and a consensus target price of GBX 2,290.

Derwent London Price Performance

The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68. The stock has a market capitalization of £1.86 billion, a price-to-earnings ratio of 782.11, a PEG ratio of 23.10 and a beta of 1.03. The stock has a 50-day moving average price of GBX 1,804.85 and a 200 day moving average price of GBX 1,877.54.

Derwent London (LON:DLN - Get Free Report) last released its quarterly earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 earnings per share 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 research analysts expect 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.