Derwent London’s (DLN) “Hold” Rating Reiterated at Jefferies Financial Group

Derwent London (LON:DLN)‘s stock had its “hold” rating reaffirmed by equities research analysts at Jefferies Financial Group in a research report issued to clients and investors on Thursday, October 15th, Digital Look reports. They currently have a GBX 1,655 price target on the real estate investment trust’s stock. Jefferies Financial Group‘s target price would suggest a potential downside of 11.12% from the stock’s previous close.

A number of other brokerages have also issued reports on DLN. Berenberg Bank decreased their target price on shares of Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating on the stock in a research report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,850 price target on shares of Derwent London in a report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of GBX 1,912.29.

Derwent London Price Performance

DLN stock traded up GBX 2 during trading on Thursday, hitting GBX 1,862. The stock had a trading volume of 545,338 shares, compared to its average volume of 1,699,630. The company’s 50 day moving average price is GBX 1,896.46 and its two-hundred day moving average price is GBX 1,873.25. Derwent London has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,196. The stock has a market cap of £2.04 billion, a price-to-earnings ratio of 43.55, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.38 and a current ratio of 1.12.

Derwent London (LON:DLN) last released its quarterly earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share (EPS) for the quarter. Derwent London had a return on equity of 1.35% and a net margin of 11.97%. On average, sell-side analysts forecast that Derwent London will post 113.74 EPS for the current fiscal year.

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.