Derwent London Plc (LON:DLN) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Derwent London Plc (LON:DLN) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is GBX 1,889.

DLN has been the subject of several research analyst reports. Berenberg Bank cut their target price on Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating for the company in a research report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,850 price target on shares of Derwent London in a report on Friday, August 7th. Finally, Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,492 price target on shares of Derwent London in a research note on Wednesday, July 1st.

Derwent London Trading Up 1.0%

Shares of Derwent London stock opened at GBX 1,810 on Monday. Derwent London has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,196. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.38 and a current ratio of 1.12. The company has a market capitalization of £1.99 billion, a P/E ratio of 42.33, a P/E/G ratio of 23.10 and a beta of 1.19. The company has a fifty day moving average of GBX 1,993.04 and a 200 day moving average of GBX 1,846.40.

Derwent London (LON:DLN) last posted its quarterly earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) EPS for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. On average, sell-side analysts anticipate that Derwent London 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. 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.