Derwent London’s (DLN) Sell Rating Reaffirmed at UBS Group

Derwent London (LON:DLN)‘s stock had its “sell” rating reiterated by analysts at UBS Group in a report issued on Monday,Digital Look reports. They presently have a GBX 1,650 price objective on the real estate investment trust’s stock. UBS Group’s target price points to a potential downside of 4.84% from the stock’s previous close.

Other equities analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft cut their price objective on Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a report on Friday, March 20th. Stifel Nicolaus decreased their price target on shares of 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. Berenberg Bank cut their price objective on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group decreased their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a research report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of GBX 2,022.86.

Derwent London Trading Down 1.2%

Shares of Derwent London stock opened at GBX 1,734 on Monday. The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38. Derwent London has a 1 year low of GBX 1,469.33 and a 1 year high of GBX 2,106. The firm has a market cap of £1.95 billion, a PE ratio of 12.08, a PEG ratio of 23.10 and a beta of 1.19. The company has a 50 day simple moving average of GBX 1,678.92 and a two-hundred day simple moving average of GBX 1,740.77.

Derwent London (LON:DLN) last posted its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. Analysts expect that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Damian Wisniewski sold 2,767 shares of Derwent London stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total value of £44,355.01. Also, insider Paul M. Williams sold 3,458 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £55,431.74. Insiders have sold a total of 8,694 shares of company stock valued at $13,936,482 over the last three months. 0.40% of the stock is owned by company insiders.

Derwent London Company Profile

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.