Derwent London (LON:DLN) Stock Price Passes Above 200 Day Moving Average of $2,034.92

Shares of Derwent London Plc (LON:DLN) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 2,034.92 ($24.99) and traded as high as GBX 2,306 ($28.32). Derwent London shares last traded at GBX 2,262 ($27.78), with a volume of 333,259 shares changing hands.

Wall Street Analyst Weigh In

Several research firms have weighed in on DLN. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Derwent London in a research note on Thursday, July 20th. Jefferies Financial Group downgraded Derwent London to a “hold” rating and set a GBX 1,913 ($23.49) target price for the company. in a research note on Wednesday, September 27th. Finally, Shore Capital reissued a “hold” rating on shares of Derwent London in a report on Thursday, August 10th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 2,428.25 ($29.82).

Derwent London Stock Up 1.3 %

The company has a quick ratio of 0.38, a current ratio of 1.09 and a debt-to-equity ratio of 33.94. The company has a market capitalization of £2.48 billion, a price-to-earnings ratio of -444.36, a price-to-earnings-growth ratio of 23.10 and a beta of 0.88. The business has a 50-day moving average price of GBX 1,910.11 and a 200-day moving average price of GBX 2,035.93.

About Derwent London

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion as at 30 June 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.