Derwent London (LON:DLN) Receives "Buy" Rating from Shore Capital

Key Points

• Derwent London has been reaffirmed with a "Buy" rating by Shore Capital, with three analysts giving the stock a similar rating and a consensus target price of GBX 2,290.
• The company's shares opened at GBX 1,747 on Thursday, with a market capitalization of £1.96 billion and a 12-month price range of GBX 1,604 to GBX 2,374.
• In its latest quarterly earnings report, Derwent London reported an EPS of GBX 52.20 and exhibited negative metrics, including a return on equity of -10.41% and a negative net margin of -129.56%.

Derwent London (LON:DLN - Get Free Report)'s stock had its "buy" rating reissued by stock analysts at Shore Capital in a report released on Thursday,Digital Look reports.

Other analysts have also issued research reports about the company. JPMorgan Chase & Co. reiterated an "overweight" rating on shares of Derwent London in a report on Wednesday, August 13th. Peel Hunt decreased their price objective on Derwent London from GBX 2,385 to GBX 2,290 and set a "buy" rating for the company in a report on Thursday, September 18th. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Derwent London currently has an average rating of "Buy" and a consensus target price of GBX 2,290.

Derwent London Stock Up 0.4%

Shares of LON DLN opened at GBX 1,747 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68. The stock has a market capitalization of £1.96 billion, a PE ratio of 826.59, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The stock's fifty day simple moving average is GBX 1,755.40 and its two-hundred day simple moving average is GBX 1,872.60. Derwent London has a 12-month low of GBX 1,604 and a 12-month high of GBX 2,374.

Derwent London (LON:DLN - Get Free Report) last issued its quarterly earnings data on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 EPS for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. As a group, analysts expect that Derwent London will post 113.7351779 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.

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