Derwent London (LON:DLN) Receives “Buy” Rating from Shore Capital

Derwent London (LON:DLN)‘s stock had its “buy” rating reaffirmed by analysts at Shore Capital in a research note issued to investors on Thursday,Digital Look reports.

A number of other research firms have also recently commented on DLN. JPMorgan Chase & Co. restated an “overweight” rating on shares of Derwent London in a research report on Wednesday, August 13th. Peel Hunt dropped their target price on Derwent London from GBX 2,385 to GBX 2,290 and set a “buy” rating on the stock in a research report on Thursday, September 18th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of GBX 2,290.

Derwent London Stock Performance

LON DLN opened at GBX 1,747 on Thursday. The stock has a 50-day simple moving average of GBX 1,755.40 and a two-hundred day simple moving average of GBX 1,872.60. The firm has a market capitalization of £1.96 billion, a P/E ratio of 826.59, a PEG ratio of 23.10 and a beta of 1.03. Derwent London has a fifty-two week low of GBX 1,604 and a fifty-two week high of GBX 2,374. The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51.

Derwent London (LON:DLN) last released its quarterly earnings data on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 earnings per share for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. On average, equities analysts forecast that Derwent London will post 113.7351779 earnings per share for the current 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.