Derwent London (LON:DLN) Sets New 1-Year Low – Here’s What Happened

Derwent London Plc (LON:DLN)’s share price hit a new 52-week low during trading on Friday . The company traded as low as GBX 1,602 and last traded at GBX 1,609, with a volume of 119269 shares traded. The stock had previously closed at GBX 1,630.

Analyst Upgrades and Downgrades

DLN has been the subject of a number of analyst reports. Peel Hunt dropped their target price on shares of Derwent London from GBX 2,385 to GBX 2,290 and set a “buy” rating for the company in a report on Thursday, September 18th. Shore Capital reaffirmed a “buy” rating on shares of Derwent London in a research report on Thursday, November 6th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating on shares of Derwent London in a research report on Wednesday, August 13th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Derwent London currently has an average rating of “Buy” and a consensus price target of GBX 2,290.

Derwent London Trading Up 0.6%

The company has a 50-day simple moving average of GBX 1,740.88 and a 200 day simple moving average of GBX 1,845.11. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68. The firm has a market cap of £1.84 billion, a PE ratio of 7.75, a price-to-earnings-growth 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.