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

Derwent London Plc (LON:DLN – Get Rating) has been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is GBX 3,017.67 ($36.82).

A number of equities research analysts recently issued reports on the stock. Berenberg Bank dropped their target price on shares of Derwent London from GBX 2,800 ($34.17) to GBX 2,450 ($29.90) and set a “hold” rating for the company in a research report on Tuesday, December 20th. Barclays reiterated an “overweight” rating and set a GBX 2,500 ($30.51) target price on shares of Derwent London in a research report on Friday, November 4th.

Derwent London Trading Down 0.6 %

Shares of DLN stock opened at GBX 2,564 ($31.29) on Friday. Derwent London has a 52-week low of GBX 1,783 ($21.76) and a 52-week high of GBX 3,518 ($42.93). The stock has a market cap of £2.88 billion and a price-to-earnings ratio of 1,077.31. The company has a debt-to-equity ratio of 30.84, a quick ratio of 0.38 and a current ratio of 1.82. The firm has a fifty day moving average of GBX 2,411.25 and a 200-day moving average of GBX 2,411.52.

About Derwent London

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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.