Derwent London (LON:DLN) Given “Underperform” Rating at Jefferies Financial Group

Derwent London (LON:DLN)‘s stock had its “underperform” rating reiterated by equities researchers at Jefferies Financial Group in a research report issued to clients and investors on Tuesday,Digital Look reports. They currently have a GBX 1,492 price objective on the real estate investment trust’s stock. Jefferies Financial Group’s target price would indicate a potential downside of 12.90% from the stock’s current price.

Several other research firms have also recently commented on DLN. The Goldman Sachs Group reduced their target price on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a research note on Monday, March 30th. Stifel Nicolaus reduced 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, March 31st. UBS Group restated a “sell” rating and issued a GBX 1,650 target price on shares of Derwent London in a research note on Monday. Berenberg Bank reduced their target price on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a research note on Friday, March 20th. Four investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 1,956.50.

Derwent London Stock Down 0.8%

Shares of LON:DLN opened at GBX 1,713 on Tuesday. The stock has a market cap of £1.92 billion, a P/E ratio of 11.94, a P/E/G ratio of 23.10 and a beta of 1.19. The firm has a fifty day moving average price of GBX 1,676.96 and a 200 day moving average price of GBX 1,740.25. 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 has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,106.

Derwent London (LON:DLN) last released its earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 EPS for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. Sell-side analysts predict that Derwent London will post 113.7351779 EPS for the current year.

Insider Activity

In other news, insider Damian Wisniewski sold 2,767 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total value of £44,355.01. Also, insider Emily Prideaux sold 2,469 shares of the stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £39,578.07. Insiders sold 8,694 shares of company stock worth $13,936,482 in the last 90 days. 0.40% of the stock is currently owned by corporate insiders.

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.