Derwent London (LON:DLN) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Derwent London (LON:DLN)‘s stock had its “hold” rating reiterated by equities researchers at Deutsche Bank Aktiengesellschaft in a research note issued on Friday,Digital Look reports. They presently have a GBX 1,850 target price on the real estate investment trust’s stock. Deutsche Bank Aktiengesellschaft’s price target indicates a potential downside of 11.82% from the company’s current price.

A number of other research firms have also commented on DLN. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,492 price objective on shares of Derwent London in a research report on Wednesday, July 1st. UBS Group reaffirmed a “sell” rating and set a GBX 1,650 target price on shares of Derwent London in a report on Monday, May 11th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,210 target price on shares of Derwent London in a research note on Thursday. Four analysts have rated the stock with a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, Derwent London presently has an average rating of “Hold” and a consensus price target of GBX 1,956.50.

Derwent London Stock Performance

Shares of DLN opened at GBX 2,098 on Friday. Derwent London has a 52-week low of GBX 1,469.33 and a 52-week high of GBX 2,196. The stock’s 50-day simple moving average is GBX 1,954.87 and its 200 day simple moving average is GBX 1,817.61. The company has a debt-to-equity ratio of 43.37, a quick ratio of 0.38 and a current ratio of 0.59. The stock has a market capitalization of £2.34 billion, a price-to-earnings ratio of 14.62, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last posted its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. Research analysts forecast that Derwent London will post 113.7351779 EPS for the current fiscal year.

Derwent London declared that its board has approved a stock buyback program on Tuesday, May 12th that allows the company to buyback 0 shares. This buyback authorization allows the real estate investment trust to purchase shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s leadership believes its shares are undervalued.

Derwent London Company Profile

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.