Derwent London (LON:DLN) Shares Cross Above 200-Day Moving Average – Should You Sell?

Derwent London Plc (LON:DLN)’s stock price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,759.42 and traded as high as GBX 1,814.21. Derwent London shares last traded at GBX 1,774, with a volume of 191,449 shares trading hands.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Berenberg Bank increased their price objective on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. lowered Derwent London to a “neutral” rating and dropped their target price for the company from GBX 2,400 to GBX 2,100 in a report on Friday, November 28th. Finally, Shore Capital Group reaffirmed a “buy” rating on shares of Derwent London in a report on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,228.67.

Derwent London Price Performance

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 firm has a market capitalization of £2.01 billion, a price-to-earnings ratio of 8.47, a P/E/G ratio of 23.10 and a beta of 1.03. The company has a fifty day moving average price of GBX 1,815.43 and a two-hundred day moving average price of GBX 1,758.73.

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. 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.