Derwent London (LON:DLN) Price Target Lowered to GBX 1,650 at Stifel Nicolaus

Key Points

• Stifel Nicolaus cut its target price on Derwent London from GBX 1,925 to GBX 1,650 and maintained a "hold" rating, implying roughly a 4.96% upside from the current price.
• Analyst views remain mixed: Goldman lowered its target to GBX 2,410 but kept a "buy", Berenberg raised its target to GBX 2,296 ("buy"), and Deutsche Bank cut to GBX 1,850 ("hold"); the consensus target is GBX 2,099.33 with an average rating of "Moderate Buy".
• Shares traded around GBX 1,572 (up 1.4%) with a market cap of £1.77bn and a P/E of 7.44, and Derwent London is the largest London office-focused REIT with 66 buildings valued at £4.9bn.

Derwent London (LON:DLN - Get Free Report) had its target price decreased by investment analysts at Stifel Nicolaus from GBX 1,925 to GBX 1,650 in a report issued on Tuesday,London Stock Exchange reports. The firm presently has a "hold" rating on the real estate investment trust's stock. Stifel Nicolaus' target price points to a potential upside of 4.96% from the company's current price.

A number of other equities research analysts have also weighed in on the company. The Goldman Sachs Group lowered their price objective on Derwent London from GBX 2,550 to GBX 2,410 and set a "buy" rating for the company in a research note on Monday. Berenberg Bank raised their price target on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the stock a "buy" rating in a research report on Monday, January 26th. Finally, 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 report on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Derwent London has an average rating of "Moderate Buy" and a consensus price target of GBX 2,099.33.

Derwent London Stock Up 1.4%

Derwent London stock traded up GBX 21 during midday trading on Tuesday, hitting GBX 1,572. 365,087 shares of the stock were exchanged, compared to its average volume of 1,156,747. Derwent London has a 1 year low of GBX 1,469.33 and a 1 year high of GBX 2,106. The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38. The firm has a market cap of £1.77 billion, a P/E ratio of 7.44, a P/E/G ratio of 23.10 and a beta of 1.19. The company has a 50 day moving average price of GBX 1,771.56 and a two-hundred day moving average price of GBX 1,744.48.

Derwent London (LON:DLN - Get Free Report) last posted its quarterly earnings data 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%. On average, sell-side analysts predict that Derwent London will post 113.7351779 earnings per share 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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