Deutsche Bank Aktiengesellschaft Has Lowered Expectations for Derwent London (LON:DLN) Stock Price

Derwent London (LON:DLN) had its price target lowered by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 2,000 to GBX 1,850 in a research report issued to clients and investors on Friday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 17.83% from the stock’s previous close.

Several other equities research analysts have also recently commented on DLN. Berenberg Bank boosted their price target on Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. cut shares of Derwent London to a “neutral” rating and reduced their target price for the company from GBX 2,400 to GBX 2,100 in a research note on Friday, November 28th. Three research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 2,134.

Derwent London Price Performance

DLN opened at GBX 1,570 on Friday. The stock has a fifty day moving average price of GBX 1,810.99 and a 200 day moving average price of GBX 1,749.71. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. Derwent London has a 1 year low of GBX 1,561 and a 1 year high of GBX 2,106. The stock has a market cap of £1.76 billion, a price-to-earnings ratio of 7.43, a PEG ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last issued 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 return on equity of 4.48% and a net margin of 40.73%. 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.