Derwent London (LON:DLN) Stock Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Derwent London shares recently crossed above its 200-day moving average of GBX 1,919.92 during trading, indicating a potential positive trend.
• Shore Capital has restated a "buy" rating on Derwent London, suggesting analyst confidence in the stock's future performance.
• Derwent London is the largest London office-focused real estate investment trust (REIT), with a portfolio valued at £4.9 billion across 66 buildings.

Derwent London Plc (LON:DLN - Get Free Report) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,919.92 ($25.48) and traded as high as GBX 1,944 ($25.80). Derwent London shares last traded at GBX 1,912 ($25.38), with a volume of 166,072 shares changing hands.

Analyst Ratings Changes

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

Derwent London Stock Down 2.5%

The stock has a market capitalization of £2.11 billion, a P/E ratio of -5.84, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The firm has a 50 day moving average of GBX 1,978.50 and a 200-day moving average of GBX 1,920.75. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38.

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.