Derwent London Plc (LON:DLN) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Key Points

• Derwent London has a consensus recommendation of Moderate Buy from seven analysts (four buys, three holds) with an average 12‑month price target of GBX 2,085, though several brokers recently trimmed their targets.
• The stock opened at GBX 1,725, carries a market cap of £1.94bn and a PE of 12.02, trading below its 52‑week high of GBX 2,106 and near its 50/200‑day moving averages.
• Insiders have sold 8,694 shares in the past three months and now own 0.40% of the company, indicating notable insider selling activity.

Shares of Derwent London Plc (LON:DLN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the seven ratings firms that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 2,085.

Several brokerages have recently issued reports on DLN. Deutsche Bank Aktiengesellschaft reduced their target price on 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. The Goldman Sachs Group reduced their target price on Derwent London from GBX 2,550 to GBX 2,410 and set a "buy" rating on the stock in a report on Monday, March 30th. Berenberg Bank reduced their target price on Derwent London from GBX 2,296 to GBX 2,210 and set a "buy" rating on the stock in a report on Wednesday, April 1st. Finally, Stifel Nicolaus reduced their target price on Derwent London from GBX 1,925 to GBX 1,650 and set a "hold" rating on the stock in a report on Tuesday, March 31st.

Derwent London Price Performance

LON:DLN opened at GBX 1,725 on Friday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 43.37. The business's 50-day simple moving average is GBX 1,686.73 and its two-hundred day simple moving average is GBX 1,741.47. The stock has a market cap of £1.94 billion, a PE ratio of 12.02, a P/E/G ratio of 23.10 and a beta of 1.18. Derwent London has a 52 week low of GBX 1,469.33 and a 52 week high of GBX 2,106.

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

Insider Transactions at Derwent London

In other news, insider Emily Prideaux sold 2,469 shares of Derwent London stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total value of £39,578.07. Also, insider Paul M. Williams sold 3,458 shares of Derwent London stock in a transaction dated Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total value of £55,431.74. Over the last three months, insiders have sold 8,694 shares of company stock valued at $13,936,482. 0.40% of the stock is currently owned by insiders.

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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