Derwent London Plc (LON:DLN) Receives GBX 1,956.50 Average Price Target from Analysts

Shares of Derwent London Plc (LON:DLN) have been assigned an average recommendation of “Hold” from the nine brokerages that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is GBX 1,956.50.

DLN has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,850 target price on shares of Derwent London in a report on Friday. Jefferies Financial Group reaffirmed an “underperform” rating and set a GBX 1,492 price target on shares of Derwent London in a research report on Wednesday, July 1st. UBS Group reiterated a “sell” rating and set a GBX 1,650 price objective on shares of Derwent London in a report on Monday, May 11th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 2,210 price objective on shares of Derwent London in a report on Thursday.

Derwent London Trading Up 2.2%

Shares of LON DLN opened at GBX 2,100 on Friday. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,196. The stock has a market cap of £2.33 billion, a price-to-earnings ratio of 14.63, a P/E/G ratio of 23.10 and a beta of 1.19. 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’s fifty day moving average is GBX 1,961.31 and its 200-day moving average is GBX 1,819.58.

Derwent London (LON:DLN) last released its quarterly earnings data on Friday, August 7th. The real estate investment trust reported GBX (16.59) EPS for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. Equities research analysts predict that Derwent London will post 113.7351779 EPS for the current year.

Derwent London announced that its Board of Directors has approved a stock repurchase program on Tuesday, May 12th that authorizes the company to buyback 0 outstanding shares. This buyback authorization authorizes the real estate investment trust to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its stock is undervalued.

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.