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

Shares of Derwent London Plc (LON:DLN) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 1,813 ($23.19) and last traded at GBX 1,819 ($23.27), with a volume of 785813 shares traded. The stock had previously closed at GBX 1,839 ($23.53).

Analyst Upgrades and Downgrades

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

Derwent London Trading Down 1.6 %

The firm has a market capitalization of £1.99 billion, a price-to-earnings ratio of -5.51, a P/E/G ratio of 23.10 and a beta of 1.03. 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 company has a 50 day moving average price of GBX 1,921.93 and a two-hundred day moving average price of GBX 2,128.98.

Derwent London (LON:DLN) last posted its quarterly earnings data on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.36) earnings per share for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. On average, research analysts forecast that Derwent London Plc will post 113.7351779 EPS for the current year.

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.