Derwent London (LON:DLN) Given Underweight Rating at Barclays

Derwent London (LON:DLNGet 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.

In other Derwent London news, insider Emily Prideaux sold 676 shares of the firm’s stock in a transaction that occurred on Monday, March 14th. The shares were sold at an average price of GBX 3,090 ($38.88), for a total transaction of £20,888.40 ($26,284.64).

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.

Further Reading

Analyst Recommendations for Derwent London (LON:DLN)

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