Derwent London (LON:DLN) Price Target Cut to GBX 1,850 by Analysts at Deutsche Bank Aktiengesellschaft

Derwent London (LON:DLN) had its price target dropped by Deutsche Bank Aktiengesellschaft from GBX 2,000 to GBX 1,850 in a research report issued on Friday, Marketbeat reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 16.43% from the stock’s current price.

A number of other equities analysts also recently weighed in on DLN. Berenberg Bank raised their target price on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. cut Derwent London to a “neutral” rating and dropped their target price for the stock from GBX 2,400 to GBX 2,100 in a research report on Friday, November 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,134.

Derwent London Stock Performance

Shares of DLN traded down GBX 28 during mid-day trading on Friday, hitting GBX 1,589. The stock had a trading volume of 2,425,097 shares, compared to its average volume of 1,269,224. The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38. The firm has a market cap of £1.78 billion, a P/E ratio of 7.52, a PEG ratio of 23.10 and a beta of 1.19. Derwent London has a 52 week low of GBX 1,588 and a 52 week high of GBX 2,106. The business has a fifty day moving average price of GBX 1,816.59 and a 200-day moving average price of GBX 1,749.95.

Derwent London (LON:DLN) last posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. On average, equities research analysts expect that Derwent London will post 113.7351779 EPS for the current 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. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.