Derwent London (LON:DLN) Earns Hold Rating from Peel Hunt
Peel Hunt reiterated their hold rating on shares of Derwent London (LON:DLN) in a research note published on Tuesday morning, ThisIsMoney.Co.Uk reports.
DLN has been the topic of a number of other research reports. Numis Securities reissued an add rating on shares of Derwent London in a research report on Wednesday, February 5th. Morgan Stanley raised shares of Derwent London to an overweight rating and lifted their price target for the company from GBX 3,300 ($43.41) to GBX 3,850 ($50.64) in a research report on Thursday, November 28th. Barclays reissued an underweight rating on shares of Derwent London in a research report on Wednesday, November 27th. Bank of America lifted their price target on shares of Derwent London from GBX 4,000 ($52.62) to GBX 4,580 ($60.25) and gave the company a buy rating in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group lifted their price target on shares of Derwent London from GBX 2,350 ($30.91) to GBX 3,000 ($39.46) and gave the company an underperform rating in a research report on Friday, January 17th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 3,650.07 ($48.01).
Shares of DLN opened at GBX 4,156 ($54.67) on Tuesday. The firm has a market cap of $4.66 billion and a PE ratio of 21.11. The firm’s 50 day moving average price is GBX 4,063.68 and its 200 day moving average price is GBX 3,558.71. The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13. Derwent London has a twelve month low of GBX 2,858 ($37.60) and a twelve month high of GBX 4,234 ($55.70).
Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, making it the largest London-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.
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