Derwent London Plc (LON:DLN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Derwent London Plc (LON:DLN) have earned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 2,085.

A number of brokerages recently weighed in on DLN. The Goldman Sachs Group decreased their price target on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a research note on Monday, March 30th. Stifel Nicolaus decreased their price target on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating on the stock in a research note on Friday, March 20th. Finally, Berenberg Bank decreased their price target on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a research note on Wednesday, April 1st.

Insider Activity at Derwent London

In other Derwent London news, insider Emily Prideaux sold 2,469 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total value of £39,578.07. Also, insider Paul M. Williams sold 3,458 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total transaction of £55,431.74. In the last three months, insiders have sold 8,694 shares of company stock valued at $13,936,482. 0.40% of the stock is owned by corporate insiders.

Derwent London Price Performance

LON:DLN opened at GBX 1,701 on Friday. The stock has a market capitalization of £1.91 billion, a PE ratio of 11.85, a price-to-earnings-growth ratio of 23.10 and a beta of 1.18. Derwent London has a 52 week low of GBX 1,469.33 and a 52 week high of GBX 2,106. The stock’s 50-day moving average price is GBX 1,680.85 and its 200-day moving average price is GBX 1,741.83. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 43.37.

Derwent London (LON:DLN) last issued its quarterly earnings results 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%. As a group, equities analysts expect that Derwent London will post 113.7351779 EPS for the current fiscal year.

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. 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.