Derwent London (LON:DLN) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Derwent London Plc (LON:DLN) crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,764.80 and traded as high as GBX 1,917. Derwent London shares last traded at GBX 1,904, with a volume of 264,218 shares traded.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Shore Capital reiterated a “buy” rating on shares of Derwent London in a research report on Thursday, November 6th. JPMorgan Chase & Co. cut shares of Derwent London to a “neutral” rating and dropped their price target for the company from GBX 2,400 to GBX 2,100 in a research report on Friday, November 28th. Finally, Berenberg Bank boosted their target price on Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research note on Monday, January 26th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 2,228.67.

Derwent London Stock Performance

The firm has a market cap of £2.15 billion, a P/E ratio of 9.05, a P/E/G ratio of 23.10 and a beta of 1.03. The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. The business has a fifty day simple moving average of GBX 1,765.66 and a 200-day simple moving average of GBX 1,764.80.

About Derwent London

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. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.