Derwent London (LON:DLN) Stock Rating Reaffirmed as “Hold” by Jefferies Financial Group

Derwent London (LON:DLN)‘s stock had its “hold” rating reissued by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Thursday, Digital Look reports. They presently have a GBX 1,655 price objective on the real estate investment trust’s stock. Jefferies Financial Group‘s target price suggests a potential downside of 14.87% from the company’s current price.

Several other equities research analysts have also weighed in on DLN. Berenberg Bank lowered their price objective on Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating on the stock in a research note on Monday, September 14th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,850 target price on shares of Derwent London in a research report on Friday, August 7th. Two investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 1,912.29.

Derwent London Price Performance

LON:DLN opened at GBX 1,944 on Thursday. The company has a 50-day moving average of GBX 1,863.11 and a 200-day moving average of GBX 1,847.31. The company has a market capitalization of £2.13 billion, a price-to-earnings ratio of 45.46, 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 2,196. 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 posted its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. As a group, equities research analysts anticipate that Derwent London will post 113.74 earnings per share 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.