Derwent London Plc (LON:DLN) Receives GBX 1,956.50 Average PT from Analysts

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

A number of research analysts have issued reports on DLN shares. UBS Group reissued a “sell” rating and issued a GBX 1,650 price target on shares of Derwent London in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a GBX 1,850 target price on shares of Derwent London in a report on Friday, August 7th. Berenberg Bank reiterated a “buy” rating and issued a GBX 2,210 target price on shares of Derwent London in a research note on Thursday, August 6th. Finally, Jefferies Financial Group reissued an “underperform” rating and set a GBX 1,492 price target on shares of Derwent London in a report on Wednesday, July 1st.

Derwent London Stock Performance

LON DLN opened at GBX 1,935 on Thursday. The firm has a market capitalization of £2.15 billion, a P/E ratio of 13.48, a PEG ratio of 23.10 and a beta of 1.19. The stock has a 50-day simple moving average of GBX 2,036.69 and a two-hundred day simple moving average of GBX 1,836.92. The company has a debt-to-equity ratio of 41.50, a quick ratio of 0.38 and a current ratio of 1.12. Derwent London has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,196.

Derwent London (LON:DLN) last issued its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) EPS for the quarter. Derwent London had a return on equity of 1.35% and a net margin of 11.97%. On average, equities analysts forecast that Derwent London will post 113.7351779 earnings per share for the current year.

Derwent London declared that its board has authorized a share repurchase plan on Tuesday, May 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the real estate investment trust to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

About Derwent London

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.