Peel Hunt Reiterates Hold Rating for Derwent London (LON:DLN)
Peel Hunt reissued their hold rating on shares of Derwent London (LON:DLN) in a research report report published on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada raised their target price on Derwent London from GBX 2,850 ($37.49) to GBX 2,900 ($38.15) and gave the company an underperform rating in a report on Monday, December 16th. Goldman Sachs Group raised their target price on Derwent London from GBX 3,722 ($48.96) to GBX 4,277 ($56.26) and gave the company a neutral rating in a report on Friday, January 17th. Peel Hunt reaffirmed a hold rating and issued a GBX 3,100 ($40.78) target price on shares of Derwent London in a report on Thursday, November 7th. Jefferies Financial Group raised their target price on Derwent London from GBX 2,350 ($30.91) to GBX 3,000 ($39.46) and gave the company an underperform rating in a report on Friday, January 17th. Finally, Bank of America raised their target price on Derwent London from GBX 4,000 ($52.62) to GBX 4,580 ($60.25) and gave the company a buy rating in a report on Wednesday, January 15th. Five research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and a consensus target price of GBX 3,650.07 ($48.01).
Shares of DLN stock opened at GBX 4,280 ($56.30) on Tuesday. The stock’s fifty day moving average price is GBX 4,070.56 and its two-hundred day moving average price is GBX 3,564.98. The company has a market cap of $4.78 billion and a PE ratio of 21.74. Derwent London has a fifty-two week low of GBX 2,858 ($37.60) and a fifty-two week high of GBX 4,234 ($55.70). The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13.
Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, making it the largest London-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.
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