Derwent London Plc (LON:DLN) Given Consensus Recommendation of “Hold” by Analysts

Shares of Derwent London Plc (LON:DLN) have been assigned a consensus recommendation of “Hold” from the nine brokerages that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 1,956.50.

DLN has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,850 target price on shares of Derwent London in a research note on Wednesday, May 13th. Berenberg Bank cut their target price on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,492 target price on shares of Derwent London in a research note on Tuesday, May 12th. 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 on the stock in a research note on Monday, March 30th. Finally, Stifel Nicolaus cut their target price on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a research note on Tuesday, March 31st.

Derwent London Stock Performance

Shares of DLN stock opened at GBX 1,725 on Tuesday. The company’s fifty day simple moving average is GBX 1,671.44 and its 200-day simple moving average is GBX 1,735.24. 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 current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. The company has a market cap of £1.94 billion, a PE ratio of 12.02, a P/E/G ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last issued its earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 EPS for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. As a group, equities research analysts anticipate that Derwent London will post 113.7351779 EPS for the current year.

Derwent London declared that its Board of Directors has approved a share buyback plan on Tuesday, May 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Insider Activity at Derwent London

In related news, insider Damian Wisniewski sold 2,767 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £44,355.01. Also, insider Paul M. Williams sold 3,458 shares of the firm’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £55,431.74. In the last three months, insiders sold 8,694 shares of company stock valued at $13,936,482. Corporate insiders own 0.40% of the company’s stock.

About Derwent London

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.