Derwent London (LON:DLN) Hits New 1-Year Low – What’s Next?

Derwent London Plc (LON:DLN) shares hit a new 52-week low during mid-day 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. The stock had previously closed at GBX 1,630.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Shore Capital reiterated a “buy” rating on shares of Derwent London in a research report on Thursday, November 6th. Peel Hunt reduced their target price on Derwent London from GBX 2,385 to GBX 2,290 and set a “buy” rating on the stock in a research note on Thursday, September 18th. Finally, JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Derwent London in a report on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock has an average rating of “Buy” and an average price target of GBX 2,290.

Derwent London Trading Up 0.1%

The business’s 50-day moving average price is GBX 1,740.42 and its two-hundred day moving average price is GBX 1,848.95. The firm has a market cap of £1.83 billion, a price-to-earnings ratio of 7.72, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38.

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.