Derwent London (LON:DLN) Earns “Buy” Rating from Shore Capital

Derwent London (LON:DLN)‘s stock had its “buy” rating reissued by research analysts at Shore Capital in a report issued on Thursday, Marketbeat.com reports.

Several other research analysts also recently commented on the company. Peel Hunt reduced their target price on Derwent London from GBX 2,385 to GBX 2,290 and set a “buy” rating for the company in a research note on Thursday, September 18th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Derwent London in a research note on Wednesday, August 13th. Three equities research analysts have rated the stock with a Buy rating, According to MarketBeat, Derwent London presently has an average rating of “Buy” and an average target price of GBX 2,290.

Derwent London Stock Performance

Shares of LON DLN opened at GBX 1,770 on Thursday. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68. Derwent London has a 12 month low of GBX 1,604 and a 12 month high of GBX 2,374. The stock has a 50 day moving average of GBX 1,751.84 and a 200-day moving average of GBX 1,872.07. The company has a market capitalization of £1.99 billion, a P/E ratio of 837.47, a P/E/G ratio of 23.10 and a beta of 1.03.

Derwent London (LON:DLN) last issued its earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 EPS for the quarter. Derwent London had a negative return on equity of 10.41% and a negative net margin of 129.56%. As a group, equities research analysts predict that Derwent London will post 113.7351779 EPS for the current year.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-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.