Deutsche Bank Aktiengesellschaft Reiterates "Hold" Rating for Derwent London (LON:DLN)

Key Points

• Deutsche Bank reaffirmed its “Hold” rating on Derwent London, with a GBX 1,850 price target implying 11.82% downside from the stock’s current price.
• Analyst opinion remains mixed: Berenberg rated the shares “Buy,” while UBS and Jefferies maintained “Sell” and “Underperform” ratings, respectively. The consensus rating is “Hold,” with an average target of GBX 1,956.50.
• Derwent London shares opened at GBX 2,098, near their 12-month high of GBX 2,196, while the REIT reported quarterly EPS of negative GBX 16.59 and a 40.73% net margin.

Derwent London (LON:DLN - Get Free Report)'s stock had its "hold" rating restated by stock analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday,Digital Look reports. They currently have a GBX 1,850 target price on the real estate investment trust's stock. Deutsche Bank Aktiengesellschaft's target price points to a potential downside of 11.82% from the stock's current price.

A number of other research analysts also recently weighed in on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 2,210 target price on shares of Derwent London in a research report on Thursday. UBS Group reaffirmed a "sell" rating and issued a GBX 1,650 price target on shares of Derwent London in a report on Monday, May 11th. Finally, Jefferies Financial Group reiterated an "underperform" rating and issued a GBX 1,492 price objective on shares of Derwent London in a research note on Wednesday, July 1st. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of GBX 1,956.50.

Derwent London Stock Performance

Shares of Derwent London stock opened at GBX 2,098 on Friday. The business's fifty day simple moving average is GBX 1,954.87 and its 200 day simple moving average is GBX 1,817.61. The firm has a market capitalization of £2.34 billion, a P/E ratio of 14.62, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. Derwent London has a 12 month low of GBX 1,469.33 and a 12 month high of GBX 2,196. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37.

Derwent London (LON:DLN - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The real estate investment trust reported GBX (16.59) 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 anticipate that Derwent London will post 113.7351779 EPS for the current year.

Derwent London announced that its Board of Directors has initiated a share buyback plan on Tuesday, May 12th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's board believes its stock is undervalued.

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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