Derwent London Plc (LON:DLN - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,918.42 ($25.75) and traded as high as GBX 2,024 ($27.17). Derwent London shares last traded at GBX 2,024 ($27.17), with a volume of 269,833 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Shore Capital reaffirmed a "buy" rating on shares of Derwent London in a research note on Thursday, May 8th.
View Our Latest Stock Report on DLN
Derwent London Stock Performance
The stock's 50 day moving average price is GBX 1,955.27 and its 200 day moving average price is GBX 1,916.86. 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 company has a market capitalization of £2.31 billion, a P/E ratio of -6.39, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03.
Derwent London Company Profile
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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.
Further Reading
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