Derwent London (LON:DLN – Get Free Report)‘s stock had its “hold” rating reissued by research analysts at Jefferies Financial Group in a note issued to investors on Thursday, Digital Look reports. They currently have a GBX 1,655 target price on the real estate investment trust’s stock. Jefferies Financial Group‘s price target indicates a potential downside of 15.60% from the stock’s previous close.
A number of other equities analysts have also weighed in on the stock. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 1,850 target price on shares of Derwent London in a research report on Friday, August 7th. Berenberg Bank decreased their price target on shares of Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating on the stock in a research note on Monday, September 14th. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,912.29.
Read Our Latest Analysis on Derwent London
Derwent London Trading Up 1.1%
Shares of Derwent London stock opened at GBX 1,961 on Thursday. The company has a fifty day moving average of GBX 1,867.63 and a 200 day moving average of GBX 1,846.72. The company has a market capitalization of £2.15 billion, a P/E ratio of 45.86, a P/E/G ratio of 23.10 and a beta of 1.19. Derwent London has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,196. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.38 and a current ratio of 1.12.
Derwent London (LON:DLN – Get Free Report) last announced 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 net margin of 11.97% and a return on equity of 1.35%. On average, sell-side analysts anticipate that Derwent London will post 113.74 earnings per share for the current fiscal 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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