Derwent London (LON:DLN) Stock Crosses Above Two Hundred Day Moving Average - Here's Why

Key Points

• Derwent London shares crossed above their 200-day moving average, reaching GBX 1,885 before last trading at GBX 1,836.90 on high volume of roughly 11.4 million shares.
• Analyst sentiment is mixed: four analysts rate the stock Buy, three Hold and two Sell, producing an overall “Hold” rating and an average price target of GBX 1,956.50.
• The REIT reported a quarterly loss of GBX 16.59 per share, while its portfolio comprises 66 predominantly central London buildings valued at approximately £4.9 billion.

Derwent London Plc (LON:DLN - Get Free Report) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,842.49 and traded as high as GBX 1,885. Derwent London shares last traded at GBX 1,836.90, with a volume of 11,396,099 shares changing hands.

Wall Street Analyst Weigh In

DLN has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft restated a "hold" rating and issued a GBX 1,850 target price on shares of Derwent London in a research note on Friday, August 7th. Jefferies Financial Group reiterated an "underperform" rating and set a GBX 1,492 price target on shares of Derwent London in a research note on Wednesday, July 1st. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 2,210 price objective on shares of Derwent London in a report on Thursday, August 6th. Four analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, Derwent London currently has an average rating of "Hold" and an average target price of GBX 1,956.50.

Derwent London Trading Down 0.2%

The company has a quick ratio of 0.38, a current ratio of 1.12 and a debt-to-equity ratio of 41.50. The company's 50-day moving average is GBX 2,031.45 and its 200 day moving average is GBX 1,842.49. The company has a market cap of £2.02 billion, a price-to-earnings ratio of 42.96, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19.

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