Derwent London Plc (LON:DLN) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts give Derwent London a consensus “Hold” rating: Two analysts recommend selling, three rate it a hold, and three recommend buying. The average 12-month price target is GBX 1,889.
• Recent broker views were mixed: Jefferies maintained an “underperform” rating with a GBX 1,492 target, Deutsche Bank reiterated “hold” at GBX 1,850, and Berenberg retained “buy” while cutting its target to GBX 2,071.
• Derwent London shares opened at GBX 1,832, with a £2.01 billion market capitalization. The REIT reported quarterly EPS of negative GBX 16.59 and owns a £4.9 billion portfolio of predominantly central London commercial properties.

Shares of Derwent London Plc (LON:DLN - Get Free Report) have received a consensus rating of "Hold" from the eight analysts that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is GBX 1,889.

A number of brokerages recently weighed in on DLN. Jefferies Financial Group reaffirmed an "underperform" rating and set a GBX 1,492 price objective on shares of Derwent London in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a "hold" rating and set a GBX 1,850 price target on shares of Derwent London in a research report on Friday, August 7th. Finally, Berenberg Bank lowered their price target on shares of Derwent London from GBX 2,210 to GBX 2,071 and set a "buy" rating on the stock in a report on Monday, September 14th.

Derwent London Stock Performance

Shares of DLN stock opened at GBX 1,832 on Monday. The firm has a market cap of £2.01 billion, a price-to-earnings ratio of 42.84, 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 quick ratio of 0.38, a current ratio of 1.12 and a debt-to-equity ratio of 41.50. The company's 50 day moving average is GBX 2,015.33 and its 200 day moving average is GBX 1,844.22.

Derwent London (LON:DLN - Get Free Report) last announced its earnings results 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%. On average, sell-side 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.