Derwent London (LON:DLN) Share Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Derwent London Plc shares rose above their 200-day moving average, trading at a high of GBX 1,949 ($26.21) recently.
• Analysts from Shore Capital have reaffirmed a "buy" rating for Derwent London shares on May 8th, indicating a positive outlook.
• The company, with a market cap of £2.16 billion, owns 66 buildings in a central London portfolio valued at £4.9 billion, making it the largest office-focused REIT in the area.

Derwent London Plc (LON:DLN - Get Free Report) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,920.39 ($25.79) and traded as high as GBX 1,949 ($26.18). Derwent London shares last traded at GBX 1,917 ($25.75), with a volume of 119,813 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a "buy" rating on shares of Derwent London in a report on Monday.

Derwent London Trading Down 6.1%

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 business's 50-day moving average price is GBX 1,974.90 and its two-hundred day moving average price is GBX 1,921.64. The company has a market capitalization of £2.02 billion, a price-to-earnings ratio of -5.59, a P/E/G ratio of 23.10 and a beta of 1.03.

Derwent London (LON:DLN - Get Free Report) last posted its quarterly earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 ($0.70) EPS for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. Research analysts predict that Derwent London Plc will post 113.7351779 earnings per share for the current 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.