Derwent London (LON:DLN) Stock Keeps "Hold" Rating at Jefferies Financial Group

Key Points

• Jefferies reaffirmed its “Hold” rating on Derwent London and set a GBX 1,655 price target, implying 11.28% downside from the previous close.
• Analyst sentiment remains mixed but centered on “Hold”: three analysts rate the stock Buy, four Hold, and one Sell, with a consensus target price of GBX 1,912.29.
• Derwent London shares opened at GBX 1,865.41 and were up 1.1%; the company owns a £4.9 billion portfolio of 66 predominantly central London commercial properties.

Derwent London (LON:DLN - Get Free Report)'s stock had its "hold" rating reissued by stock analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 1,655 price target on the real estate investment trust's stock. Jefferies Financial Group's target price points to a potential downside of 11.28% from the company's previous close.

Several other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and set a GBX 1,850 price target on shares of Derwent London in a research report on Friday, August 7th. Berenberg Bank lowered their price objective on Derwent London from GBX 2,210 to GBX 2,071 and set a "buy" rating for the company in a report on Monday, September 14th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of GBX 1,912.29.

Derwent London Stock Up 1.1%

Shares of LON:DLN opened at GBX 1,865.41 on Thursday. 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 company has a fifty day simple moving average of GBX 1,918.34 and a 200 day simple moving average of GBX 1,862.85. The firm has a market cap of £2.05 billion, a PE ratio of 43.63, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. Derwent London has a 12-month low of GBX 1,469.33 and a 12-month high of GBX 2,196.

Derwent London (LON:DLN - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The real estate investment trust reported GBX (16.59) EPS for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. On average, equities research analysts anticipate that Derwent London will post 113.74 EPS 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.

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