Derwent London Plc (LON:DLN) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Derwent London Plc (LON:DLN) have been assigned an average recommendation of “Hold” from the nine ratings firms that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,956.50.

A number of equities research analysts recently weighed in on DLN shares. Stifel Nicolaus lowered their price target on Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a report on Tuesday, March 31st. The Goldman Sachs Group reduced their price objective on Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a report on Monday, March 30th. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,492 target price on shares of Derwent London in a report on Wednesday, July 1st. UBS Group restated a “sell” rating and issued a GBX 1,650 price target on shares of Derwent London in a research report on Monday, May 11th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,850 price target on shares of Derwent London in a research note on Wednesday, May 13th.

Derwent London Stock Performance

Shares of DLN opened at GBX 2,036 on Wednesday. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,058. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. The firm has a market capitalization of £2.27 billion, a P/E ratio of 14.19, a PEG ratio of 23.10 and a beta of 1.19. The firm’s 50-day moving average is GBX 1,839.04 and its two-hundred day moving average is GBX 1,783.66.

Derwent London announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, May 12th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

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.