Derwent London Plc (LON:DLN) Given Average Rating of “Hold” by Analysts

Shares of Derwent London Plc (LON:DLN) have received a consensus recommendation of “Hold” from the nine research firms that are currently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,956.50.

Several equities research analysts have recently commented on DLN shares. Berenberg Bank reaffirmed a “buy” rating and set a GBX 2,210 target price on shares of Derwent London in a report on Thursday, August 6th. UBS Group restated a “sell” rating and set a GBX 1,650 price objective on shares of Derwent London in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,850 price objective on shares of Derwent London in a research note on Friday, August 7th. Finally, Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,492 target price on shares of Derwent London in a research report on Wednesday, July 1st.

Derwent London Price Performance

Shares of LON:DLN opened at GBX 2,054 on Thursday. Derwent London has a one year low of GBX 1,469.33 and a one year high of GBX 2,196. The stock has a fifty day moving average of GBX 2,023.57 and a 200-day moving average of GBX 1,832.11. The company has a market capitalization of £2.28 billion, a PE ratio of 14.31, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.38 and a current ratio of 1.12.

Derwent London (LON:DLN) last released its quarterly earnings data on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share for the quarter. Derwent London had a return on equity of 1.35% and a net margin of 11.97%. As a group, equities analysts anticipate that Derwent London will post 113.7351779 EPS for the current fiscal year.

Derwent London announced that its Board of Directors has approved a stock buyback plan on Tuesday, May 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s board believes its shares are undervalued.

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.