Derwent London (LON:DLN) Insider Emily Prideaux Sells 2,469 Shares of Stock

Derwent London Plc (LON:DLN) insider Emily Prideaux sold 2,469 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £39,578.07.

Derwent London Price Performance

LON:DLN opened at GBX 1,651.56 on Friday. Derwent London Plc has a 12 month low of GBX 1,469.33 and a 12 month high of GBX 2,106. The firm has a market cap 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. 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 company’s 50-day moving average price is GBX 1,715.99 and its two-hundred day moving average price is GBX 1,740.95.

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

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Berenberg Bank dropped their target price on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Stifel Nicolaus dropped their target price on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a research note on Tuesday, March 31st. Deutsche Bank Aktiengesellschaft dropped their target price on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a research note on Friday, March 20th. Finally, The Goldman Sachs Group dropped 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, March 30th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Derwent London has a consensus rating of “Moderate Buy” and a consensus 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.