Derwent London (LON:DLN) Share Price Passes Above Two Hundred Day Moving Average – What’s Next?

Shares of Derwent London Plc (LON:DLN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,918.61 ($26.33) and traded as high as GBX 2,066 ($28.35). Derwent London shares last traded at GBX 2,046 ($28.08), with a volume of 328,289 shares changing hands.

Analysts Set New Price Targets

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

Derwent London Stock Performance

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 firm’s 50 day simple moving average is GBX 1,968.39 and its 200-day simple moving average is GBX 1,918.61. The company has a market capitalization of £2.29 billion, a price-to-earnings ratio of -6.35, a P/E/G ratio of 23.10 and a beta of 1.03.

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.