Derwent London Plc (LON:DLN) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Derwent London Plc (LON:DLN) have earned an average rating of “Moderate Buy” from the six analysts that are presently covering the company, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 2,189.20.

A number of equities research analysts have weighed in on DLN shares. Berenberg Bank lifted their price target on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research report on Monday, January 26th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating on the stock in a report on Friday, March 20th. Finally, The Goldman Sachs Group dropped their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a report on Monday.

Derwent London Trading Up 1.2%

Shares of LON DLN traded up GBX 18.44 during mid-day trading on Monday, reaching GBX 1,533.44. 400,426 shares of the company’s stock were exchanged, compared to its average volume of 1,169,266. The company’s 50-day moving average is GBX 1,778.83 and its 200-day moving average is GBX 1,745.24. The company has a debt-to-equity ratio of 43.37, a quick ratio of 0.38 and a current ratio of 0.59. The firm has a market capitalization of £1.72 billion, a price-to-earnings ratio of 7.26, a PEG 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 2,106.

Derwent London (LON:DLN) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share (EPS) for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. Analysts expect that Derwent London will post 113.7351779 EPS 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.