Derwent London (LON:DLN) Hits New 52-Week Low – Here’s Why

Shares of Derwent London Plc (LON:DLN) reached a new 52-week low on Wednesday . The company traded as low as GBX 1,870 ($23.01) and last traded at GBX 1,889 ($23.24), with a volume of 147393 shares trading hands. The stock had previously closed at GBX 1,919 ($23.61).

Wall Street Analysts Forecast Growth

Separately, Shore Capital upgraded Derwent London to a “buy” rating in a research report on Wednesday, December 4th.

Derwent London Trading Down 0.9 %

The company’s 50-day moving average is GBX 2,047.58 and its 200-day moving average is GBX 2,224.53. 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 has a market cap of £2.08 billion, a price-to-earnings ratio of -576.32, 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.