Derwent London (LON:DLN) Shares Cross Above 200-Day Moving Average - Time to Sell?

Derwent London Plc (LON:DLN - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,922.44 ($26.06) and traded as high as GBX 1,985 ($26.91). Derwent London shares last traded at GBX 1,985 ($26.91), with a volume of 102,266 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "buy" rating on shares of Derwent London in a research report on Thursday, May 8th.

Derwent London Stock Performance

The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51. The business's fifty day moving average price is GBX 1,918.11 and its two-hundred day moving average price is GBX 1,922.80. The stock has a market capitalization of £2.22 billion, a P/E ratio of -6.15, a P/E/G ratio of 23.10 and a beta of 1.03.

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.