Derwent London (LON:DLN) Sets New 1-Year Low Following Analyst Downgrade

Derwent London Plc (LON:DLN)’s share price reached a new 52-week low on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 2,000 to GBX 1,850. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Derwent London traded as low as GBX 1,596 and last traded at GBX 1,596, with a volume of 2424227 shares traded. The stock had previously closed at GBX 1,617.

Other equities research analysts have also recently issued research reports about the company. JPMorgan Chase & Co. cut Derwent London to a “neutral” rating and cut their price target for the company from GBX 2,400 to GBX 2,100 in a report on Friday, November 28th. Berenberg Bank lifted their target price on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the stock a “buy” rating in a research note on Monday, January 26th. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of GBX 2,134.

Derwent London Trading Down 1.7%

The stock has a market cap of £1.79 billion, a price-to-earnings ratio of 7.52, a P/E/G ratio of 23.10 and a beta of 1.19. The business’s 50 day moving average is GBX 1,816.59 and its 200 day moving average is GBX 1,749.95. The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38.

Derwent London (LON:DLN) last announced its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 EPS 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 Plc will post 113.7351779 earnings per share 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.