Derwent London (LON:DLN) Price Target Cut to GBX 1,650 by Analysts at Stifel Nicolaus

Derwent London (LON:DLN) had its target price lowered by Stifel Nicolaus from GBX 1,925 to GBX 1,650 in a research note published on Tuesday morning,London Stock Exchange reports. The firm currently has a hold rating on the real estate investment trust’s stock.

A number of other brokerages have also recently commented on DLN. Deutsche Bank Aktiengesellschaft dropped 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 research note on Friday, March 20th. Berenberg Bank boosted their target price on shares of 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. Finally, The Goldman Sachs Group lowered their price target 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. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Derwent London currently has an average rating of “Moderate Buy” and an average target price of GBX 2,099.33.

Derwent London Stock Up 0.0%

Shares of DLN stock opened at GBX 1,572.44 on Tuesday. Derwent London has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,106. The stock’s fifty day moving average price is GBX 1,765.59 and its 200 day moving average price is GBX 1,744.17. 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 company has a market cap of £1.77 billion, a price-to-earnings ratio of 7.44, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last issued its quarterly 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 net margin of 40.73% and a return on equity of 4.48%. On average, research analysts expect that Derwent London will post 113.7351779 earnings per share 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.