Analysts Set Derwent London Plc (LON:DLN) Target Price at GBX 1,956.50

Shares of Derwent London Plc (LON:DLN) have been given a consensus recommendation of “Hold” by the nine analysts that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 1,956.50.

A number of research firms have commented on DLN. UBS Group reaffirmed a “sell” rating and issued a GBX 1,650 target price on shares of Derwent London in a research report on Monday, May 11th. Stifel Nicolaus cut their target price on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a research report on Tuesday, March 31st. Berenberg Bank cut their target price on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Jefferies Financial Group reaffirmed an “underperform” rating and issued a GBX 1,492 target price on shares of Derwent London in a research report on Tuesday, May 12th. Finally, The Goldman Sachs Group cut their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a research report on Monday, March 30th.

Insider Activity

In other news, insider Damian Wisniewski sold 2,767 shares of the business’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 £44,355.01. Also, insider Paul M. Williams sold 3,458 shares of the business’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 sold a total of 8,694 shares of company stock valued at $13,936,482 in the last 90 days. Company insiders own 0.40% of the company’s stock.

Derwent London Trading Up 1.7%

LON:DLN opened at GBX 1,750.10 on Tuesday. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. Derwent London has a 12 month low of GBX 1,469.33 and a 12 month high of GBX 2,106. The company has a market cap of £1.97 billion, a PE ratio of 12.19, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company has a 50 day simple moving average of GBX 1,672.96 and a two-hundred day simple moving average of GBX 1,733.46.

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

Derwent London announced that its Board of Directors has initiated a share repurchase plan on Tuesday, May 12th that allows the company to buyback 0 shares. This buyback authorization allows the real estate investment trust to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s board of directors believes its stock is 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.