Derwent London (LON:DLN) Stock Crosses Below 200 Day Moving Average - Here's Why

Key Points

• Derwent London shares fell below their 200-day moving average, reaching GBX 1,798 versus the average of GBX 1,848.13, signaling recent technical weakness.
• Analyst sentiment is mixed, with three Buy, three Hold, and two Sell ratings; the consensus rating is Hold with a GBX 1,889 price target.
• The real estate investment trust reported a quarterly loss of GBX 16.59 per share, while maintaining a £1.98 billion market capitalization and a portfolio of 66 central London properties valued at £4.9 billion.

Derwent London Plc (LON:DLN - Get Free Report)'s share price passed below its 200-day moving average during trading on Monday. The stock has a 200-day moving average of GBX 1,848.13 and traded as low as GBX 1,798. Derwent London shares last traded at GBX 1,798, with a volume of 120,325 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DLN shares. Deutsche Bank Aktiengesellschaft restated a "hold" rating and set a GBX 1,850 price objective on shares of Derwent London in a report on Friday, August 7th. Berenberg Bank dropped their target price on Derwent London from GBX 2,210 to GBX 2,071 and set a "buy" rating for the company in a research note on Monday, September 14th. Finally, Jefferies Financial Group reiterated an "underperform" rating and set a GBX 1,492 target price on shares of Derwent London in a research report on Wednesday, July 1st. Three investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, Derwent London has an average rating of "Hold" and a consensus price target of GBX 1,889.

Derwent London Stock Performance

The stock has a 50-day simple moving average of GBX 1,987.92 and a 200-day simple moving average of GBX 1,848.13. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.12 and a quick ratio of 0.38. The stock has a market cap of £1.98 billion, a PE ratio of 42.05, a P/E/G ratio of 23.10 and a beta of 1.19.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.