Derwent London (LON:DLN) Price Target Cut to GBX 2,210 by Analysts at Berenberg Bank

Derwent London (LON:DLN) had its price objective trimmed by Berenberg Bank from GBX 2,296 to GBX 2,210 in a research report sent to investors on Wednesday morning,London Stock Exchange reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other research analysts have also recently issued reports about the company. The Goldman Sachs Group lowered their target price on Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a report on Monday. Deutsche Bank Aktiengesellschaft cut their price target on Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a report on Friday, March 20th. Finally, Stifel Nicolaus reduced their price objective 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. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 2,085.

Derwent London Stock Performance

LON:DLN opened at GBX 1,595 on Wednesday. The company’s 50-day moving average price is GBX 1,759.94 and its 200-day moving average price is GBX 1,743.19. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. The company has a market cap of £1.79 billion, a P/E ratio of 7.55, a P/E/G ratio of 23.10 and a beta of 1.19. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,106.

Derwent London (LON:DLN) last announced its quarterly earnings data 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, sell-side analysts forecast 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.