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

Derwent London Plc (LON:DLN)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,837.98 and traded as high as GBX 1,978. Derwent London shares last traded at GBX 1,951, with a volume of 289,701 shares changing hands.

Analyst Ratings Changes

Several brokerages recently commented on DLN. Berenberg Bank reissued a “buy” rating and set a GBX 2,210 price objective on shares of Derwent London in a research report on Thursday, August 6th. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,492 target price on shares of Derwent London in a report on Wednesday, July 1st. UBS Group reiterated a “sell” rating and set a GBX 1,650 price target on shares of Derwent London in a report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,850 price target on shares of Derwent London in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,956.50.

Derwent London Price Performance

The firm has a fifty day moving average of GBX 2,037.63 and a 200 day moving average of GBX 1,838.85. The company has a current ratio of 1.12, a quick ratio of 0.38 and a debt-to-equity ratio of 41.50. The company has a market capitalization of £2.18 billion, a P/E ratio of 13.68, a P/E/G ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last announced its quarterly earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share (EPS) for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. On average, equities research analysts anticipate that Derwent London Plc will post 113.7351779 EPS for the current year.

Derwent London declared that its Board of Directors has authorized a share buyback plan on Tuesday, May 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the real estate investment trust to buy shares of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its shares are undervalued.

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.