Derwent London (LON:DLN) Upgraded by JPMorgan Chase & Co. to “Overweight”

JPMorgan Chase & Co. upgraded shares of Derwent London (LON:DLNGet Rating) to an overweight rating in a report released on Wednesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has GBX 4,200 ($54.73) target price on the real estate investment trust’s stock, up from their previous target price of GBX 3,600 ($46.91).

A number of other research analysts also recently weighed in on the stock. Barclays reissued an underweight rating and set a GBX 2,800 ($36.49) target price on shares of Derwent London in a research report on Friday, April 1st. Morgan Stanley reaffirmed an overweight rating on shares of Derwent London in a report on Wednesday, February 9th. Peel Hunt reaffirmed a hold rating and issued a GBX 3,700 ($48.21) price objective on shares of Derwent London in a report on Friday, February 11th. Royal Bank of Canada reaffirmed an underperform rating and issued a GBX 2,850 ($37.14) price objective on shares of Derwent London in a report on Tuesday. Finally, Berenberg Bank lowered their target price on shares of Derwent London from GBX 3,700 ($48.21) to GBX 3,500 ($45.61) and set a buy rating on the stock in a research note on Tuesday, March 22nd. Five investment analysts have rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, Derwent London currently has a consensus rating of Hold and a consensus target price of GBX 3,513.89 ($45.79).

Derwent London stock opened at GBX 3,210 ($41.83) on Wednesday. Derwent London has a twelve month low of GBX 2,797 ($36.45) and a twelve month high of GBX 3,850 ($50.17). The firm has a 50 day moving average price of GBX 3,144.95 and a 200-day moving average price of GBX 3,324.09. The company has a market capitalization of £3.60 billion and a P/E ratio of 14.28. The company has a quick ratio of 0.55, a current ratio of 1.38 and a debt-to-equity ratio of 29.74.

The firm also recently announced a dividend, which will be paid on Wednesday, June 1st. Investors of record on Thursday, April 28th will be given a GBX 53.50 ($0.70) dividend. This represents a yield of 1.76%. The ex-dividend date of this dividend is Thursday, April 28th. This is a boost from Derwent London’s previous dividend of $23.00. Derwent London’s dividend payout ratio (DPR) is presently 0.34%.

In other Derwent London news, insider Emily Prideaux sold 676 shares of the firm’s stock in a transaction on Monday, March 14th. The shares were sold at an average price of GBX 3,090 ($40.27), for a total value of £20,888.40 ($27,219.70).

Derwent London Company Profile (Get Rating)

Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2020, making it the largest London-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.

Featured Articles

Analyst Recommendations for Derwent London (LON:DLN)

Receive News & Ratings for Derwent London Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Derwent London and related companies with's FREE daily email newsletter.