Damian Wisniewski Sells 2,767 Shares of Derwent London (LON:DLN) Stock

Key Points

• Insider sale: Damian Wisniewski sold 2,767 shares of Derwent London on April 7 at an average price of GBX 1,603, totaling £44,355.01.
• Shares traded down 0.4% to GBX 1,638 midday, with a market capitalization of £1.84 billion, a P/E of 11.41 and a one‑year range of GBX 1,469.33–2,106.
• Analysts have cut several price targets but the consensus remains a "Moderate Buy" with an average price target of GBX 2,085 (four Buy, three Hold ratings).

Derwent London Plc (LON:DLN - Get Free Report) insider Damian Wisniewski sold 2,767 shares of the company's stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £44,355.01.

Derwent London Trading Down 0.4%

Shares of LON:DLN traded down GBX 6 during midday trading on Friday, hitting GBX 1,638. 124,083 shares of the stock traded hands, compared to its average volume of 1,088,271. Derwent London Plc has a one year low of GBX 1,469.33 and a one year high of GBX 2,106. The stock has a market capitalization of £1.84 billion, a PE ratio of 11.41, a P/E/G ratio of 23.10 and a beta of 1.18. The business's 50 day moving average is GBX 1,721.39 and its two-hundred day moving average is GBX 1,740.98. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 43.37.

Derwent London (LON:DLN - Get Free Report) last announced its earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. As a group, research analysts forecast that Derwent London Plc will post 113.7351779 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a "hold" rating on the stock in a research note on Friday, March 20th. Stifel Nicolaus decreased their price target on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a "hold" rating on the stock in a research note on Tuesday, March 31st. The Goldman Sachs Group cut their price objective on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a "buy" rating for the company in a research report on Monday, March 30th. Finally, Berenberg Bank dropped their price objective on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a "buy" rating for the company in a report on Wednesday, April 1st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of GBX 2,085.

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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