Analysts Set Derwent London Plc (LON:DLN) Target Price at GBX 2,189.20

Shares of Derwent London Plc (LON:DLN) have earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is GBX 2,085.

Several equities analysts have recently issued reports on the stock. Stifel Nicolaus lowered their price objective on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a research note on Tuesday. The Goldman Sachs Group cut their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a research note on Monday. Deutsche Bank Aktiengesellschaft decreased 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 report on Friday, March 20th. Finally, Berenberg Bank dropped their price target on Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a report on Wednesday.

Derwent London Trading Up 2.1%

Shares of Derwent London stock opened at GBX 1,604.50 on Monday. The business has a fifty day simple moving average of GBX 1,759.94 and a 200-day simple moving average of GBX 1,743.19. Derwent London has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,106. The firm has a market cap of £1.80 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 43.37.

Derwent London (LON:DLN) last released its earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share (EPS) for the quarter. Derwent London had a return on equity of 4.48% and a net margin of 40.73%. On average, equities analysts forecast that Derwent London will post 113.7351779 EPS for the current fiscal 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.