Derwent London (LON:DLN) Stock Price Passes Above 200 Day Moving Average – Should You Sell?

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 1,918.42 ($25.74) and traded as high as GBX 2,024 ($27.16). Derwent London shares last traded at GBX 2,024 ($27.16), with a volume of 269,833 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reiterated a “buy” rating on shares of Derwent London in a report on Thursday, May 8th.

Derwent London Trading Up 2.2%

The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51. The company has a market capitalization of £2.27 billion, a P/E ratio of -6.28, a PEG ratio of 23.10 and a beta of 1.03. The company’s fifty day simple moving average is GBX 1,944.55 and its 200-day simple moving average is GBX 1,918.42.

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.