Derwent London Plc (LON:DLN) Stock Has Average Price Target of GBX 1,912.29 According to Analysts

Key Points

• Analysts broadly rate Derwent London “Hold”: Among eight analysts, one recommends selling, four recommend holding, and three recommend buying. The average 12-month price target is GBX 1,912.29.
• Recent ratings include Deutsche Bank and Jefferies maintaining “Hold” recommendations, while Berenberg kept a “Buy” rating but cut its price target from GBX 2,210 to GBX 2,071.
• Shares opened at GBX 1,867, near their 200-day moving average of GBX 1,865.45. The company reported quarterly EPS of negative GBX 16.59, while analysts expect full-year EPS of GBX 113.74.

Derwent London Plc (LON:DLN - Get Free Report) has been given an average rating of "Hold" by the eight analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 1,912.29.

Several analysts have recently issued reports on DLN shares. 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. Berenberg Bank dropped their price objective on shares of 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. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a GBX 1,655 target price on shares of Derwent London in a research note on Thursday.

Derwent London Stock Performance

Shares of Derwent London stock opened at GBX 1,867 on Friday. The business has a 50-day moving average of GBX 1,914.70 and a 200 day moving average of GBX 1,865.45. Derwent London has a 12 month low of GBX 1,469.33 and a 12 month high of GBX 2,196. The stock has a market capitalization of £2.05 billion, a price-to-earnings ratio of 43.66, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.12 and a quick ratio of 0.38.

Derwent London (LON:DLN - Get Free Report) last released its 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 net margin of 11.97% and a return on equity of 1.35%. As a group, sell-side analysts forecast that Derwent London will post 113.74 earnings per share for the current 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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