Stifel Nicolaus Cuts Derwent London (LON:DLN) Price Target to GBX 1,650

Derwent London (LON:DLN) had its target price trimmed by Stifel Nicolaus from GBX 1,925 to GBX 1,650 in a research note issued to investors on Tuesday,London Stock Exchange reports. The firm currently has a hold rating on the real estate investment trust’s stock.

Several other research analysts have also recently issued reports on the stock. The Goldman Sachs Group reduced 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. Deutsche Bank Aktiengesellschaft reduced their price objective on Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a research note on Friday, March 20th. Finally, Berenberg Bank boosted their price objective on Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,085.

Derwent London Price Performance

Shares of LON:DLN opened at GBX 1,600 on Tuesday. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month 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 £1.80 billion, a PE ratio of 7.57, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company’s 50 day moving average is GBX 1,753.84 and its 200 day moving average is GBX 1,742.20.

Derwent London (LON:DLN) last announced its quarterly earnings data 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%. On average, sell-side analysts forecast that Derwent London will post 113.7351779 EPS 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. 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.