Derwent London (LON:DLN) Insider Paul M. Williams Sells 3,458 Shares of Stock

Derwent London Plc (LON:DLN) insider Paul M. Williams sold 3,458 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 £55,431.74.

Derwent London Stock Performance

LON:DLN opened at GBX 1,651.56 on Friday. The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38. The firm has a market capitalization of £1.85 billion, a price-to-earnings ratio of 11.51, a PEG ratio of 23.10 and a beta of 1.18. The company’s 50-day moving average is GBX 1,715.99 and its two-hundred day moving average is GBX 1,740.95. Derwent London Plc has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,106.

Derwent London (LON:DLN) last posted 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%. Analysts forecast that Derwent London Plc will post 113.7351779 EPS for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on DLN. Berenberg Bank decreased their price objective on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a report on Wednesday, April 1st. The Goldman Sachs Group decreased their price objective on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a report on Monday, March 30th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating on the stock in a report on Friday, March 20th. Finally, Stifel Nicolaus decreased 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 report on Tuesday, March 31st. Four 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.com, the company has an average 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.