Derwent London Plc (LON:DLN) Given Average Recommendation of “Hold” by Brokerages

Derwent London Plc (LON:DLN) has received a consensus recommendation of “Hold” from the nine ratings firms that are covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have covered the stock in the last year is GBX 1,956.50.

A number of research firms have recently issued reports on DLN. Jefferies Financial Group reissued an “underperform” rating and issued a GBX 1,492 price target 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 price objective on shares of Derwent London in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,850 price objective on shares of Derwent London in a research note on Friday, August 7th. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 2,210 target price on shares of Derwent London in a research report on Thursday, August 6th.

Derwent London Stock Down 0.5%

LON:DLN opened at GBX 2,054 on Thursday. The business’s fifty day moving average price is GBX 2,023.57 and its 200 day moving average price is GBX 1,832.11. The firm has a market capitalization of £2.28 billion, a price-to-earnings ratio of 14.31, a PEG ratio of 23.10 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 0.38 and a debt-to-equity ratio of 41.50. Derwent London has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,196.

Derwent London (LON:DLN) last announced 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 return on equity of 1.35% and a net margin of 11.97%. On average, sell-side analysts forecast that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

Derwent London declared that its board has authorized a share buyback program on Tuesday, May 12th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is 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.