Derwent London (LON:DLN) Stock Keeps Hold Rating at Jefferies Financial Group

by · The Cerbat Gem

Derwent London (LON:DLN – Get Free Report)‘s stock had its “hold” rating reaffirmed by Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They presently have a GBX 1,655 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target points to a potential downside of 11.28% from the company’s current price.

Several other research firms have also commented on DLN. Berenberg Bank lowered their target price on Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating for the company in a report on Monday, September 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,850 price target 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 assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of GBX 1,912.29.

Check Out Our Latest Stock Report on DLN

Derwent London Price Performance

Shares of LON:DLN opened at GBX 1,865.41 on Thursday. The company has a market cap of £2.05 billion, a PE ratio of 43.63, a P/E/G ratio of 23.10 and a beta of 1.19. Derwent London has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,196. The firm has a 50-day simple moving average of GBX 1,918.34 and a 200 day simple moving average of GBX 1,862.85. The company has a quick ratio of 0.38, a current ratio of 1.12 and a debt-to-equity ratio of 41.50.

Derwent London (LON:DLN – Get Free Report) last issued its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share (EPS) for the quarter. Derwent London had a return on equity of 1.35% and a net margin of 11.97%. On average, sell-side analysts anticipate that Derwent London will post 113.74 EPS for the current year.

About Derwent London

(Get Free Report)

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.

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