Derwent London (LON:DLN) Sets New 12-Month Low – Should You Sell?

Derwent London Plc (LON:DLN) reached a new 52-week low on Monday . The stock traded as low as GBX 1,813 ($23.19) and last traded at GBX 1,819 ($23.27), with a volume of 785813 shares changing hands. The stock had previously closed at GBX 1,839 ($23.53).

Wall Street Analyst Weigh In

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

Derwent London Price Performance

The stock’s 50-day moving average price is GBX 1,921.93 and its 200 day moving average price is GBX 2,128.98. 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 £1.99 billion, a price-to-earnings ratio of -5.51, a PEG ratio of 23.10 and a beta of 1.03.

Derwent London (LON:DLN) last released its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.36) EPS for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. Equities research analysts expect that Derwent London Plc will post 113.7351779 earnings per share for the current fiscal year.

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.