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

Derwent London (LON:DLN) had its price objective cut by Berenberg Bank from GBX 2,296 to GBX 2,210 in a report released on Wednesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s target price would suggest a potential upside of 37.74% from the company’s previous close.

Several other research analysts have also weighed in on DLN. Stifel Nicolaus lowered their target price on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a research note on Tuesday. Deutsche Bank Aktiengesellschaft reduced their price target 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. Finally, 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. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,085.

Derwent London Trading Up 2.1%

Shares of DLN stock traded up GBX 32.50 during trading on Wednesday, hitting GBX 1,604.50. 437,582 shares of the stock traded hands, compared to its average volume of 1,145,014. Derwent London has a 52-week low of GBX 1,469.33 and a 52-week high of GBX 2,106. The firm has a market capitalization of £1.80 billion, a P/E ratio of 7.59, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The firm’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.

Derwent London (LON:DLN) last issued its quarterly earnings data 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%. As a group, research analysts forecast that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

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.