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

Shore Capital reaffirmed their buy rating on shares of Derwent London (LON:DLN) in a research report report published on Monday morning, MarketBeat Ratings reports.

Derwent London Stock Down 1.8%

DLN opened at GBX 1,769 ($24.02) on Monday. The business has a 50 day moving average price of GBX 1,968.44 and a 200 day moving average price of GBX 1,919.75. Derwent London has a twelve month low of GBX 1,665 ($22.61) and a twelve month high of GBX 2,530 ($34.36). The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51. The firm has a market cap of £1.98 billion, a P/E ratio of -5.49, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03.

Derwent London (LON:DLN) last posted its earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 ($0.71) 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%. Research analysts forecast that Derwent London will post 113.7351779 EPS for the current 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.