Derwent London Plc (LON:DLN) Given Consensus Rating of “Hold” by Brokerages

Shares of Derwent London Plc (LON:DLN) have earned an average recommendation of “Hold” from the nine analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is GBX 1,956.50.

DLN has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,850 target price on shares of Derwent London in a research note on Wednesday, May 13th. The Goldman Sachs Group cut their price target on Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a research note on Monday, March 30th. Berenberg Bank lowered their price objective on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,492 price objective on shares of Derwent London in a research note on Wednesday, July 1st. Finally, Stifel Nicolaus reduced their target price on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a research note on Tuesday, March 31st.

Derwent London Stock Performance

Shares of DLN stock opened at GBX 1,982.10 on Wednesday. The stock has a market capitalization of £2.21 billion, a PE ratio of 13.81, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. Derwent London has a 52-week low of GBX 1,469.33 and a 52-week high of GBX 2,036. The stock’s 50-day moving average price is GBX 1,810.38 and its 200 day moving average price is GBX 1,772.34. 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 declared that its board has initiated a stock repurchase program on Tuesday, May 12th that permits the company to buyback 0 shares. This buyback authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its stock is 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.