Derwent London (LON:DLN) Insider Damian Wisniewski Sells 2,767 Shares of Stock

Derwent London Plc (LON:DLN) insider Damian Wisniewski sold 2,767 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total value of £44,355.01.

Derwent London Trading Up 0.5%

Shares of Derwent London stock opened at GBX 1,651.56 on Friday. The company has a debt-to-equity ratio of 43.37, a quick ratio of 0.38 and a current ratio of 0.59. Derwent London Plc has a 52 week low of GBX 1,469.33 and a 52 week high of GBX 2,106. The stock has a 50 day moving average price of GBX 1,715.99 and a two-hundred day moving average price of GBX 1,740.95. The stock has a market capitalization of £1.85 billion, a PE ratio of 11.51, a price-to-earnings-growth ratio of 23.10 and a beta of 1.18.

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

Analysts Set New Price Targets

Several brokerages recently issued reports on DLN. Stifel Nicolaus cut their target price on Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a research report on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft cut their target price on 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. Berenberg Bank cut their target price on Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, The Goldman Sachs Group cut their target price on Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a research report on Monday, March 30th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Derwent London currently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,085.

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.