Derwent London (LON:DLN) Hits New 12-Month Low at $2,700.00

Derwent London Plc (LON:DLNGet Rating) hit a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 2,700 ($33.07) and last traded at GBX 2,726 ($33.39), with a volume of 6431 shares changing hands. The stock had previously closed at GBX 2,736 ($33.51).

Several analysts have issued reports on the company. Barclays reaffirmed an “underweight” rating and set a GBX 2,800 ($34.30) target price on shares of Derwent London in a research report on Monday, May 23rd. Citigroup reaffirmed a “sell” rating and set a GBX 2,667 ($32.67) target price on shares of Derwent London in a research report on Monday, March 14th. Royal Bank of Canada reaffirmed an “underperform” rating and set a GBX 2,750 ($33.68) target price on shares of Derwent London in a research report on Friday, May 13th. Berenberg Bank dropped their target price on Derwent London from GBX 3,700 ($45.32) to GBX 3,500 ($42.87) and set a “buy” rating on the stock in a research report on Tuesday, March 22nd. Finally, JPMorgan Chase & Co. raised Derwent London to an “overweight” rating and raised their price objective for the stock from GBX 3,600 ($44.10) to GBX 4,200 ($51.45) in a research report on Wednesday, April 13th. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of GBX 3,427.13 ($41.98).

The company has a market cap of £3.06 billion and a PE ratio of 12.19. The company has a debt-to-equity ratio of 29.74, a quick ratio of 0.55 and a current ratio of 1.38. The stock has a 50 day moving average of GBX 2,978.21 and a 200-day moving average of GBX 3,163.36.

About Derwent London (LON:DLN)

Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2020, making it the largest London-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.

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