Derwent London (LON:DLN) Given “Buy” Rating at Shore Capital

Derwent London (LON:DLN)‘s stock had its “buy” rating reiterated by Shore Capital in a report issued on Thursday,Digital Look reports.

DLN has been the subject of several other research reports. JPMorgan Chase & Co. restated an “overweight” rating on shares of Derwent London in a research report on Wednesday, August 13th. Peel Hunt reduced their price objective on shares of Derwent London from GBX 2,385 to GBX 2,290 and set a “buy” rating for the company in a research report on Thursday, September 18th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of GBX 2,290.

Derwent London Trading Up 1.3%

Derwent London stock traded up GBX 22 during trading on Thursday, reaching GBX 1,778. The company had a trading volume of 373,481 shares, compared to its average volume of 622,554. Derwent London has a 12-month low of GBX 1,604 and a 12-month high of GBX 2,184. The stock’s 50 day moving average price is GBX 1,726.21 and its two-hundred day moving average price is GBX 1,864.06. The firm has a market capitalization of £2.00 billion, a price-to-earnings ratio of 8.41, a PEG ratio of 23.10 and a beta of 1.03. The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51.

Derwent London (LON:DLN) last released its earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 earnings per share (EPS) for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. As a group, equities analysts expect that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

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.