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

Key Points

• Derwent London shares moved above their 200-day moving average, reaching GBX 2,138 before closing at GBX 2,096, compared with the 200-day average of GBX 1,826.18.
• Analyst views remain mixed, with four Buy, three Hold and two Sell ratings. The consensus is Hold, with a target price of GBX 1,956.50—below the latest share price.
• The company reported a quarterly loss of GBX 16.59 per share, while analysts expect full-year EPS of approximately GBX 113.74. Derwent London owns a 66-building, £4.9 billion commercial property portfolio focused primarily on central London.

Derwent London Plc (LON:DLN - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,826.18 and traded as high as GBX 2,138. Derwent London shares last traded at GBX 2,096, with a volume of 173,626 shares changing hands.

Analysts Set New Price Targets

Several equities analysts recently issued reports on DLN shares. Jefferies Financial Group restated an "underperform" rating and set a GBX 1,492 price objective on shares of Derwent London in a research note on Wednesday, July 1st. UBS Group reiterated a "sell" rating and set a GBX 1,650 target price on shares of Derwent London in a research note on Monday, May 11th. Berenberg Bank reissued a "buy" rating and set a GBX 2,210 target price on shares of Derwent London in a report on Thursday, August 6th. Finally, Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,850 price target on shares of Derwent London in a research report on Friday, August 7th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of GBX 1,956.50.

Derwent London Stock Performance

The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.38 and a current ratio of 1.12. The stock has a 50 day moving average of GBX 1,992.99 and a 200 day moving average of GBX 1,826.18. The stock has a market capitalization of £2.33 billion, a P/E ratio of 14.61, a P/E/G ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN - Get Free Report) last posted its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share (EPS) for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. Equities analysts predict that Derwent London Plc will post 113.7351779 EPS for the current year.

Derwent London declared that its Board of Directors has initiated a share buyback program on Tuesday, May 12th that allows the company to buyback 0 shares. This buyback authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback programs are often a sign that the company's board believes its stock is undervalued.

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. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.

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