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

Derwent London Plc (LON:DLN)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 2,246.29 ($28.18) and traded as low as GBX 1,934 ($24.27). Derwent London shares last traded at GBX 1,971.21 ($24.73), with a volume of 131,819 shares changing hands.

Wall Street Analysts Forecast Growth

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

Derwent London Stock Performance

The company has a 50-day simple moving average of GBX 2,096.79 and a two-hundred day simple moving average of GBX 2,246.29. The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51. The firm has a market capitalization of £2.21 billion, a P/E ratio of -613.40, 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.