Derwent London’s (DLN) “Hold” Rating Reiterated at Peel Hunt

Peel Hunt reiterated their hold rating on shares of Derwent London (LON:DLN) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts have also recently weighed in on DLN. Morgan Stanley reaffirmed an underweight rating on shares of Derwent London in a research note on Monday, September 2nd. Goldman Sachs Group reaffirmed a neutral rating on shares of Derwent London in a research note on Thursday, August 8th. Numis Securities reaffirmed an add rating on shares of Derwent London in a research note on Monday, June 3rd. Berenberg Bank reaffirmed a sell rating and set a GBX 2,650 ($34.63) price target on shares of Derwent London in a research note on Monday, August 12th. Finally, Royal Bank of Canada reaffirmed an underperform rating and set a GBX 2,800 ($36.59) price target on shares of Derwent London in a research note on Monday, June 24th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 3,218.08 ($42.05).

Shares of LON:DLN opened at GBX 3,224 ($42.13) on Tuesday. The stock has a market capitalization of $3.60 billion and a price-to-earnings ratio of 16.37. Derwent London has a one year low of GBX 2,745 ($35.87) and a one year high of GBX 3,352 ($43.80). The company has a 50-day simple moving average of GBX 3,064.28 and a 200-day simple moving average of GBX 3,161.54. The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13.

The business also recently disclosed a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be issued a GBX 21 ($0.27) dividend. This represents a dividend yield of 0.72%. The ex-dividend date is Thursday, September 12th. Derwent London’s payout ratio is presently 0.35%.

In related news, insider Simon P. Silver acquired 1,900 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was bought at an average price of GBX 3,140 ($41.03) per share, with a total value of £59,660 ($77,956.36).

Derwent London Company Profile

Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, making it the largest London-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.

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Analyst Recommendations for Derwent London (LON:DLN)

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