Derwent London Plc (LON:DLN - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,928.07 ($26.13) and traded as high as GBX 1,979 ($26.82). Derwent London shares last traded at GBX 1,947 ($26.39), with a volume of 189,617 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reissued a "buy" rating on shares of Derwent London in a research note on Thursday, May 8th.
Check Out Our Latest Stock Report on DLN
Derwent London Trading Up 0.4%
The company has a market capitalization of £2.18 billion, a P/E ratio of -6.05, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. 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 firm has a fifty day moving average price of GBX 1,906.44 and a 200-day moving average price of GBX 1,926.97.
Insider Buying and Selling at Derwent London
In related news, insider Damian Wisniewski purchased 2,836 shares of the business's stock in a transaction dated Friday, March 7th. The stock was purchased at an average cost of GBX 1,749 ($23.70) per share, with a total value of £49,601.64 ($67,220.00). 7.98% of the stock is owned by corporate insiders.
About Derwent London
(
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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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