Berenberg Bank Cuts Derwent London (LON:DLN) Price Target to GBX 2,071

Derwent London (LON:DLN – Free Report) had its price objective lowered by Berenberg Bank from GBX 2,210 to GBX 2,071 in a research report sent to investors on Monday morning,Digital Look reports. Berenberg Bank currently has a buy rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently issued reports on DLN. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,492 price objective on shares of Derwent London in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,850 price target on shares of Derwent London in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of GBX 1,939.12.

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Derwent London Stock Up 1.6%

LON:DLN opened at GBX 1,836 on Monday. The company has a market cap of £2.02 billion, a price-to-earnings ratio of 42.94, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,196. The company has a current ratio of 1.12, a quick ratio of 0.38 and a debt-to-equity ratio of 41.50. The stock has a fifty day simple moving average of GBX 2,022.27 and a 200-day simple moving average of GBX 1,843.59.

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) EPS for the quarter. Derwent London had a return on equity of 1.35% and a net margin of 11.97%. Analysts anticipate that Derwent London will post 113.7351779 EPS for the current year.

About Derwent London

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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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