Derwent London Plc (LON:DLN) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Derwent London Plc (LON:DLN – Get Rating) have been given a consensus rating of “Hold” by the twelve research firms that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 3,502.78 ($43.19).

Several equities analysts have issued reports on DLN shares. Barclays restated an “underweight” rating and issued a GBX 2,800 ($34.52) price objective on shares of Derwent London in a research note on Monday, May 9th. Royal Bank of Canada restated an “underperform” rating and issued a GBX 2,750 ($33.90) price objective on shares of Derwent London in a research note on Friday. Citigroup restated a “sell” rating and issued a GBX 2,667 ($32.88) price objective on shares of Derwent London in a research note on Monday, March 14th. Morgan Stanley reaffirmed an “overweight” rating on shares of Derwent London in a report on Wednesday, May 11th. Finally, Berenberg Bank reduced their target price on shares of Derwent London from GBX 3,700 ($45.62) to GBX 3,500 ($43.15) and set a “buy” rating for the company in a report on Tuesday, March 22nd.

LON DLN opened at GBX 2,998 ($36.96) on Monday. The company has a debt-to-equity ratio of 29.74, a current ratio of 1.38 and a quick ratio of 0.55. Derwent London has a 1 year low of GBX 2,774 ($34.20) and a 1 year high of GBX 3,850 ($47.47). The company has a market capitalization of £3.37 billion and a PE ratio of 13.37. The company has a fifty day moving average of GBX 3,102.16 and a two-hundred day moving average of GBX 3,255.02.

The company also recently declared a dividend, which will be paid on Wednesday, June 1st. Investors of record on Thursday, April 28th will be issued a dividend of GBX 53.50 ($0.66) per share. This is a boost from Derwent London’s previous dividend of $23.00. This represents a yield of 1.76%. The ex-dividend date of this dividend is Thursday, April 28th. Derwent London’s dividend payout ratio is currently 0.34%.

In other Derwent London news, insider Emily Prideaux sold 676 shares of the stock in a transaction dated Monday, March 14th. The shares were sold at an average price of GBX 3,090 ($38.10), for a total value of £20,888.40 ($25,753.17).

About Derwent London (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.

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