Derwent London (LON:DLN) Price Target Lowered to GBX 2,410 at The Goldman Sachs Group

Derwent London (LON:DLN) had its target price reduced by The Goldman Sachs Group from GBX 2,550 to GBX 2,410 in a research report report published on Monday,London Stock Exchange reports. The Goldman Sachs Group currently has a buy rating on the real estate investment trust’s stock.

DLN has been the subject of a number of other reports. Berenberg Bank raised their target price on Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating on the stock in a research note on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 2,189.20.

Derwent London Stock Up 1.2%

LON:DLN opened at GBX 1,533.44 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 43.37. The stock’s fifty day moving average is GBX 1,771.56 and its two-hundred day moving average is GBX 1,744.48. Derwent London has a 52 week low of GBX 1,469.33 and a 52 week high of GBX 2,106. The stock has a market capitalization of £1.72 billion, a price-to-earnings ratio of 7.26, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a return on equity of 4.48% and a net margin of 40.73%. Research analysts anticipate that Derwent London will post 113.7351779 EPS for the current year.

About Derwent London

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. We typically acquire central London properties off-market with low capital values and modest rents in improving locations, most of which are either in the West End or the Tech Belt.