Derwent London’s (DLN) “Hold” Rating Reiterated at Jefferies Financial Group

Derwent London (LON:DLN)‘s stock had its “hold” rating reissued by stock analysts at Jefferies Financial Group in a report issued on Thursday, Digital Look reports. They currently have a GBX 1,655 price objective on the real estate investment trust’s stock. Jefferies Financial Group‘s target price points to a potential downside of 15.60% from the company’s current price.

Several other brokerages have also issued reports on DLN. Berenberg Bank dropped their target price on 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. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and issued a GBX 1,850 price objective on shares of Derwent London in a research report on Friday, August 7th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of GBX 1,912.29.

Derwent London Price Performance

LON:DLN opened at GBX 1,961 on Thursday. The firm has a market capitalization of £2.15 billion, a price-to-earnings ratio of 45.86, a PEG 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 business has a 50 day simple moving average of GBX 1,867.63 and a 200-day simple moving average of GBX 1,846.72. The company has a debt-to-equity ratio of 41.50, a current ratio of 1.12 and a quick ratio of 0.38.

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