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

Derwent London Plc (LON:DLN)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 1,768.29 and traded as high as GBX 1,910. Derwent London shares last traded at GBX 1,897, with a volume of 227,264 shares changing hands.

Analyst Upgrades and Downgrades

DLN has been the topic of a number of recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Derwent London in a report on Thursday, November 6th. JPMorgan Chase & Co. lowered Derwent London to a “neutral” rating and decreased their price objective for the stock from GBX 2,400 to GBX 2,100 in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Derwent London currently has an average rating of “Moderate Buy” and an average price target of GBX 2,195.

Derwent London Stock Performance

The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. The stock’s 50 day moving average is GBX 1,717.83 and its two-hundred day moving average is GBX 1,768.29. The firm has a market cap of £2.13 billion, a P/E ratio of 8.98, a PEG ratio of 23.10 and a beta of 1.03.

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.