Derwent London Plc (LON:DLN – Get Free Report)’s stock price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,842.49 and traded as high as GBX 1,885. Derwent London shares last traded at GBX 1,836.90, with a volume of 11,396,099 shares traded.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on the stock. Berenberg Bank restated a “buy” rating and issued a GBX 2,210 price target on shares of Derwent London in a report on Thursday, August 6th. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,492 price objective on shares of Derwent London in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,850 price objective on shares of Derwent London in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of GBX 1,956.50.
View Our Latest Report on Derwent London
Derwent London Trading Down 0.2%
Derwent London (LON:DLN – Get Free Report) last posted its quarterly earnings results 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 1.35% and a net margin of 11.97%. On average, equities research analysts anticipate that Derwent London Plc will post 113.7351779 earnings per share 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. 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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