Insider Selling: Derwent London (LON:DLN) Insider Sells £55,431.74 in Stock

Derwent London Plc (LON:DLN) insider Paul M. Williams sold 3,458 shares of the business’s 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.

Derwent London Price Performance

LON DLN opened at GBX 1,651.56 on Monday. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. The stock’s 50-day moving average price is GBX 1,715.99 and its two-hundred day moving average price is GBX 1,741.42. Derwent London Plc has a 1 year low of GBX 1,469.33 and a 1 year high of GBX 2,106. The company has a market cap of £1.85 billion, a PE ratio of 11.51, a PEG ratio of 23.10 and a beta of 1.18.

Derwent London (LON:DLN) last announced its quarterly earnings data 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%. On average, analysts predict that Derwent London Plc will post 113.7351779 EPS for the current year.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Stifel Nicolaus reduced their price objective on Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. The Goldman Sachs Group dropped 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. Deutsche Bank Aktiengesellschaft dropped 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. Finally, Berenberg Bank dropped 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. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,085.

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. 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.