Derwent London (LON:DLN) Price Target Lowered to GBX 2,071 at Berenberg Bank

Derwent London (LON:DLN) had its price objective dropped by investment analysts at Berenberg Bank from GBX 2,210 to GBX 2,071 in a research report issued to clients and investors on Monday, Digital Look reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price objective would indicate a potential upside of 13.73% from the stock’s previous close.

DLN has been the topic of several other research reports. Jefferies Financial Group restated an “underperform” rating and set a GBX 1,492 price target on shares of Derwent London in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,850 target price on shares of Derwent London in a report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of GBX 1,939.12.

Derwent London Trading Down 0.9%

Shares of DLN opened at GBX 1,821 on Monday. The company has a 50-day moving average of GBX 2,031.45 and a 200 day moving average of GBX 1,842.82. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.12 and a quick ratio of 0.38. Derwent London has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,196. The firm has a market capitalization of £2.00 billion, a price-to-earnings ratio of 42.59, a PEG ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last announced its quarterly earnings data 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, research analysts expect 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.