Derwent London Plc (LON:DLN) Receives Consensus Rating of “Hold” from Brokerages

Shares of Derwent London Plc (LON:DLN) have earned an average rating of “Hold” from the eight ratings firms that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and three have given a buy recommendation 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 1,889.

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,850 price target on shares of Derwent London in a research note on Friday, August 7th. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,492 price objective on shares of Derwent London in a research note on Wednesday, July 1st. Finally, Berenberg Bank dropped their price target on Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating for the company in a research note on Monday, September 14th.

Derwent London Price Performance

Shares of LON:DLN opened at GBX 1,827.50 on Monday. Derwent London has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,196. The stock’s fifty day simple moving average is GBX 1,993.04 and its two-hundred day simple moving average is GBX 1,847.44. The company has a current ratio of 1.12, a quick ratio of 0.38 and a debt-to-equity ratio of 41.50. The stock has a market cap of £2.01 billion, a PE ratio of 42.74, a price-to-earnings-growth 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 for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. As a group, analysts forecast 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.