Derwent London (LON:DLN) Reaches New 52-Week Low – Time to Sell?

Derwent London Plc (LON:DLN)’s stock price reached a new 52-week low on Wednesday . The stock traded as low as GBX 1,870 ($23.33) and last traded at GBX 1,889 ($23.57), with a volume of 147393 shares traded. The stock had previously closed at GBX 1,919 ($23.94).

Analyst Ratings Changes

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

Derwent London Stock Performance

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 stock has a market capitalization of £2.09 billion, a PE ratio of -580.69, a PEG ratio of 23.10 and a beta of 1.03. The firm has a 50 day moving average price of GBX 2,062.33 and a 200-day moving average price of GBX 2,230.68.

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.