Derwent London (LON:DLN – Get Rating)‘s stock had its “underweight” rating restated by equities researchers at Barclays in a research report issued on Monday, Marketbeat.com reports. They presently have a GBX 2,800 ($35.23) price objective on the real estate investment trust’s stock. Barclays‘s price objective suggests a potential downside of 7.65% from the stock’s previous close.
DLN has been the subject of a number of other reports. Citigroup restated a “sell” rating and set a GBX 2,667 ($33.56) price objective on shares of Derwent London in a research note on Monday, March 14th. Morgan Stanley restated an “overweight” rating on shares of Derwent London in a research note on Wednesday, May 11th. Berenberg Bank reduced their price objective on shares of Derwent London from GBX 3,700 ($46.56) to GBX 3,500 ($44.04) and set a “buy” rating for the company in a research note on Tuesday, March 22nd. Royal Bank of Canada restated an “underperform” rating and set a GBX 2,750 ($34.60) price objective on shares of Derwent London in a research note on Friday, May 13th. Finally, Peel Hunt restated a “hold” rating and set a GBX 3,700 ($46.56) price objective on shares of Derwent London in a research note on Friday, February 11th. Five analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of GBX 3,427.13 ($43.12).
DLN stock opened at GBX 3,032 ($38.15) on Monday. The stock has a 50-day moving average price of GBX 3,100.59 and a two-hundred day moving average price of GBX 3,239.89. Derwent London has a 1 year low of GBX 2,774 ($34.91) and a 1 year high of GBX 3,850 ($48.45). The company has a current ratio of 1.38, a quick ratio of 0.55 and a debt-to-equity ratio of 29.74. The stock has a market cap of £3.40 billion and a PE ratio of 13.49.
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.
- Don’t Wait Too Long to Buy These 3 Mega Caps
- Cheap Buys: These 3 Stocks are Now Trading Under $20
- Time to Ring the Register on Funko Stock
- Stock Market Downgrades Are Dragging The S&P 500 Lower
- Under Armor Stock is Getting Undervalued
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 MarketBeat.com's FREE daily email newsletter.