Berenberg Bank Issues Pessimistic Forecast for Derwent London (LON:DLN) Stock Price

Key Points

• Berenberg Bank cut Derwent London’s price target to GBX 2,071 from GBX 2,210, while maintaining a “buy” rating and implying 13.73% upside from the previous close.
• Analyst sentiment is mixed: four analysts rate the stock a buy, three hold, and two sell, resulting in a consensus “hold” rating and an average price target of GBX 1,939.12.
• Derwent London shares opened at GBX 1,821 and were down 0.9%; the REIT reported quarterly EPS of negative GBX 16.59 and operates a 66-building, £4.9 billion central London commercial property portfolio.

Derwent London (LON:DLN - Get Free Report) had its target price reduced by stock analysts at Berenberg Bank from GBX 2,210 to GBX 2,071 in a research note issued 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 points to a potential upside of 13.73% from the stock's previous close.

A number of other analysts also recently issued reports on DLN. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and issued a GBX 1,850 price target on shares of Derwent London in a report on Friday, August 7th. Jefferies Financial Group reissued an "underperform" rating and set a GBX 1,492 price objective on shares of Derwent London in a report on Wednesday, July 1st. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, Derwent London currently has a consensus rating of "Hold" and a consensus price target of GBX 1,939.12.

Derwent London Trading Down 0.9%

DLN stock opened at GBX 1,821 on Monday. Derwent London has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,196. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.12 and a quick ratio of 0.38. The company 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. The business has a 50 day simple moving average of GBX 2,031.45 and a two-hundred day simple moving average of GBX 1,842.82.

Derwent London (LON:DLN - Get Free Report) last released 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 net margin of 11.97% and a return on equity of 1.35%. Research analysts anticipate 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.

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