Derwent London (LON:DLN) Hits New 1-Year Low – Here’s Why

Shares of Derwent London Plc (LON:DLN) reached a new 52-week low on Tuesday . The stock traded as low as GBX 1,823 ($22.31) and last traded at GBX 1,831 ($22.41), with a volume of 212421 shares trading hands. The stock had previously closed at GBX 1,850 ($22.64).

Analysts Set New Price Targets

Separately, Shore Capital raised shares of Derwent London to a “buy” rating in a research note on Wednesday, December 4th.

Derwent London Stock Up 1.0 %

The business’s 50 day moving average is GBX 2,033.88 and its 200 day moving average is GBX 2,218.29. 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 company has a market cap of £2.08 billion, a P/E ratio of -576.01, 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.