Derwent London Plc (LON:DLN) Receives GBX 1,889 Average Price Target from Brokerages

Derwent London Plc (LON:DLN) has been given an average recommendation of “Hold” by the eight analysts that are covering the stock, Marketbeat reports. Two equities 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 1,889.

A number of research analysts recently commented on DLN shares. Berenberg Bank reduced their price target on Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating for the company in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,850 price objective on shares of Derwent London in a report on Friday, August 7th. Finally, Jefferies Financial Group reaffirmed 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 Stock Performance

Shares of DLN stock opened at GBX 1,794 on Monday. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.12 and a quick ratio of 0.38. The company’s fifty day moving average price is GBX 2,002.72 and its two-hundred day moving average price is GBX 1,846.30. The firm has a market capitalization of £1.97 billion, a P/E ratio of 41.96, a P/E/G ratio of 23.10 and a beta of 1.19. Derwent London has a 12 month low of GBX 1,469.33 and a 12 month high of GBX 2,196.

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