The Goldman Sachs Group Cuts Derwent London (LON:DLN) Price Target to GBX 2,410

Derwent London (LON:DLN) had its price objective trimmed by The Goldman Sachs Group from GBX 2,550 to GBX 2,410 in a research report sent to investors on Monday morning,London Stock Exchange reports. The firm currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also recently weighed in on DLN. Berenberg Bank increased their price target on Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a report on Monday, January 26th. Deutsche Bank Aktiengesellschaft reduced their price objective on Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a research report on Friday, March 20th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 2,085.

Derwent London Stock Performance

Shares of DLN stock opened at GBX 1,604.50 on Monday. The company has a quick ratio of 0.38, a current ratio of 0.59 and a debt-to-equity ratio of 43.37. The company has a 50 day moving average price of GBX 1,759.94 and a 200-day moving average price of GBX 1,743.19. 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 PE ratio of 7.59, a P/E/G ratio of 23.10 and a beta of 1.19.

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 net margin of 40.73% and a return on equity of 4.48%. As a group, equities research analysts expect that Derwent London will post 113.7351779 earnings per share for the current 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.