Derwent London Plc (LON:DLN) Stock Has Consensus Price Target of GBX 1,912.29

Derwent London Plc (LON:DLN) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 1,912.29.

Several equities analysts have recently issued reports on DLN shares. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,850 price objective on shares of Derwent London in a research note on Friday, August 7th. Berenberg Bank cut 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 note on Monday, September 14th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a GBX 1,655 target price on shares of Derwent London in a report on Thursday.

Derwent London Trading Down 0.3%

LON:DLN opened at GBX 1,867 on Friday. Derwent London has a 12-month low of GBX 1,469.33 and a 12-month high of GBX 2,196. The firm has a market cap of £2.05 billion, a PE ratio of 43.66, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. 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 fifty day moving average price of GBX 1,914.70 and a 200 day moving average price of GBX 1,865.45.

Derwent London (LON:DLN) last issued its quarterly 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 return on equity of 1.35% and a net margin of 11.97%. Sell-side 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.