Derwent London Plc (LON:DLN) Receives Average Recommendation of “Hold” from Analysts

Shares of Derwent London Plc (LON:DLNGet Rating) have been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 3,222.29 ($37.26).

A number of analysts recently weighed in on DLN shares. Berenberg Bank cut shares of Derwent London to a “hold” rating and dropped their price objective for the stock from GBX 3,500 ($40.47) to GBX 2,800 ($32.37) in a report on Wednesday, August 31st. Barclays dropped their price objective on shares of Derwent London from GBX 2,690 ($31.10) to GBX 2,500 ($28.91) and set an “underweight” rating on the stock in a report on Tuesday, August 30th. Finally, Citigroup reaffirmed a “sell” rating and issued a GBX 2,506 ($28.97) price objective on shares of Derwent London in a report on Wednesday, July 20th.

Insider Activity at Derwent London

In related news, insider Nigel Q. George bought 2,576 shares of the firm’s stock in a transaction that occurred on Tuesday, October 11th. The stock was purchased at an average price of GBX 1,926 ($22.27) per share, for a total transaction of £49,613.76 ($57,363.58). In other Derwent London news, insider Sanjeev Sharma acquired 1,261 shares of Derwent London stock in a transaction dated Thursday, August 11th. The stock was bought at an average price of GBX 2,698 ($31.19) per share, for a total transaction of £34,021.78 ($39,336.09). Also, insider Nigel Q. George acquired 2,576 shares of Derwent London stock in a transaction dated Tuesday, October 11th. The shares were acquired at an average price of GBX 1,926 ($22.27) per share, with a total value of £49,613.76 ($57,363.58).

Derwent London Stock Up 0.7 %

Shares of LON:DLN opened at GBX 2,228 ($25.76) on Monday. The stock has a market capitalization of £2.50 billion and a price-to-earnings ratio of 936.13. Derwent London has a 1-year low of GBX 1,783 ($20.62) and a 1-year high of GBX 3,592.27 ($41.53). The company’s fifty day moving average is GBX 2,179.11 and its two-hundred day moving average is GBX 2,597.48. The company has a debt-to-equity ratio of 30.84, a quick ratio of 0.38 and a current ratio of 1.82.

Derwent London Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 14th. Investors of record on Thursday, September 8th were given a GBX 24 ($0.28) dividend. The ex-dividend date of this dividend was Thursday, September 8th. This represents a yield of 0.87%. Derwent London’s dividend payout ratio is presently 32.14%.

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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