Derwent London Plc (LON:DLN) Stock Now Rated “Hold” by Wall Street Brokerages

Shares of Derwent London Plc (LON:DLN) have been given a consensus rating of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is GBX 1,912.29.

Several equities research analysts recently weighed in on the stock. Jefferies Financial Group reaffirmed a “hold” rating and set a GBX 1,655 target price on shares of Derwent London in a research note on Thursday, November 5th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,850 price target on shares of Derwent London in a research report on Friday, August 7th. Finally, Berenberg Bank decreased their price target on shares of Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating for the company in a research report on Monday, September 14th.

Derwent London Stock Up 0.6%

Shares of DLN opened at GBX 1,964 on Tuesday. The stock has a market capitalization of £2.16 billion, a PE ratio of 45.93, a P/E/G ratio of 23.10 and a beta of 1.19. Derwent London has a 1 year low of GBX 1,469.33 and a 1 year 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. The company’s 50-day simple moving average is GBX 1,861.21 and its 200-day simple moving average is GBX 1,847.64.

Derwent London (LON:DLN) last posted its quarterly earnings data on Friday, August 7th. The real estate investment trust reported GBX (16.59) EPS for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. Analysts forecast that Derwent London will post 113.74 earnings per share for the current fiscal year.

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.