Derwent London (LON:DLN) Shares Pass Above 200-Day Moving Average – Time to Sell?

Derwent London Plc (LON:DLNGet Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,918.61 ($26.33) and traded as high as GBX 2,066 ($28.35). Derwent London shares last traded at GBX 2,046 ($28.08), with a volume of 328,289 shares traded.

Analysts Set New Price Targets

Separately, Shore Capital restated a “buy” rating on shares of Derwent London in a report on Thursday, May 8th.

View Our Latest Report on DLN

Derwent London Trading Down 0.6%

The company has a market cap of £2.29 billion, a P/E ratio of -6.35, a PEG ratio of 23.10 and a beta of 1.03. The business has a 50 day moving average price of GBX 1,968.39 and a 200-day moving average price of GBX 1,918.61. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68.

About Derwent London

(Get Free Report)

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.

Featured Articles

Receive News & Ratings for Derwent London Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Derwent London and related companies with MarketBeat.com's FREE daily email newsletter.