Berenberg Bank Cuts Derwent London (LON:DLN) Price Target to GBX 2,210

Derwent London (LON:DLN) had its price target reduced by Berenberg Bank from GBX 2,296 to GBX 2,210 in a report published on Wednesday,London Stock Exchange reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on DLN. Deutsche Bank Aktiengesellschaft cut their price target on Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a report on Friday, March 20th. Stifel Nicolaus lowered their target price on Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group cut their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,085.

Derwent London Price Performance

DLN opened at GBX 1,600 on Wednesday. The firm has a 50-day simple moving average of GBX 1,747.62 and a two-hundred day simple moving average of GBX 1,741.94. Derwent London has a 52 week low of GBX 1,469.33 and a 52 week high of GBX 2,106. The company has a market capitalization of £1.80 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. 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 data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a return on equity of 4.48% and a net margin of 40.73%. Analysts forecast that Derwent London 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.