Derwent London (LON:DLN) Reaches New 52-Week Low - Here's What Happened

Derwent London Plc (LON:DLN - Get Free Report)'s stock price hit a new 52-week low on Monday . The company traded as low as GBX 1,813 ($23.04) and last traded at GBX 1,819 ($23.12), with a volume of 785813 shares traded. The stock had previously closed at GBX 1,839 ($23.37).

Analyst Upgrades and Downgrades

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

Derwent London Stock Down 0.5 %

The company has a market cap of £2.05 billion, a P/E ratio of -5.67, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. 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 company has a fifty day moving average of GBX 1,928.47 and a 200 day moving average of GBX 2,135.57.

Derwent London (LON:DLN - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The real estate investment trust reported GBX 106.50 ($1.35) earnings per share (EPS) for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. On average, research analysts anticipate that Derwent London Plc will post 113.7351779 earnings per share for the current fiscal year.

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.