Derwent London (LON:DLN) Hits New 52-Week Low – Here’s Why

Derwent London Plc (LON:DLN)’s stock price hit a new 52-week low during mid-day trading 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. The stock had previously closed at GBX 1,919 ($23.94).

Analyst Upgrades and Downgrades

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

Derwent London Stock Performance

The firm’s fifty day moving average price is GBX 2,062.33 and its 200 day moving average price is GBX 2,230.68. The firm has a market cap of £2.09 billion, a P/E ratio of -580.69, a price-to-earnings-growth 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.

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.