Peel Hunt Cuts Derwent London (LON:DLN) Price Target to GBX 2,290

Key Points

• Peel Hunt has reduced the price target for Derwent London (LON:DLN) from GBX 2,385 to GBX 2,290, maintaining a "buy" rating for the stock.
• The stock is currently trading at GBX 1,657, with a potential upside of 38.20% from the new price target.
• Derwent London, a leading real estate investment trust, reported a quarterly EPS of GBX 52.20 and has a market cap of approximately £1.86 billion.

Derwent London (LON:DLN - Get Free Report) had its price target decreased by Peel Hunt from GBX 2,385 to GBX 2,290 in a research report issued on Thursday, MarketBeat reports. The firm presently has a "buy" rating on the real estate investment trust's stock. Peel Hunt's price target would suggest a potential upside of 38.20% from the stock's previous close.

Other research analysts have also recently issued reports about the company. Shore Capital reaffirmed a "buy" rating on shares of Derwent London in a research report on Monday, August 11th. JPMorgan Chase & Co. reissued an "overweight" rating on shares of Derwent London in a research report on Wednesday, August 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of GBX 2,290.

Derwent London Price Performance

LON DLN traded down GBX 1 on Thursday, reaching GBX 1,657. The company's stock had a trading volume of 138,812 shares, compared to its average volume of 658,858. The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51. Derwent London has a twelve month low of GBX 1,604 and a twelve month high of GBX 2,488. The stock has a market cap of £1.86 billion, a PE ratio of 784.01, a PEG ratio of 23.10 and a beta of 1.03. The firm's 50 day moving average is GBX 1,799.17 and its two-hundred day moving average is GBX 1,878.08.

Derwent London (LON:DLN - Get Free Report) last issued its earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 earnings per share 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, sell-side analysts predict that Derwent London will post 113.7351779 EPS for the current year.

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.