Derwent London’s (DLN) “Hold” Rating Reiterated at Jefferies Financial Group

Jefferies Financial Group reaffirmed their hold rating on shares of Derwent London (LON:DLN) in a research note published on Thursday,Digital Look reports. Jefferies Financial Group currently has a GBX 1,655 price objective on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a GBX 1,850 target price on shares of Derwent London in a research note on Friday, August 7th. Berenberg Bank lowered their target price on shares of Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating for the company in a research note on Monday, September 14th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of GBX 1,912.29.

Derwent London Stock Performance

DLN stock opened at GBX 1,872 on Thursday. The firm has a market cap of £2.05 billion, a price-to-earnings ratio of 43.78, a PEG ratio of 23.10 and a beta of 1.19. The business’s fifty day simple moving average is GBX 1,910.14 and its two-hundred day simple moving average is GBX 1,865.49. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,196. The company has a quick ratio of 0.38, a current ratio of 1.12 and a debt-to-equity ratio of 41.50.

Derwent London (LON:DLN) last issued its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share (EPS) for the quarter. Derwent London had a return on equity of 1.35% and a net margin of 11.97%. Analysts predict that Derwent London will post 113.74 earnings per share for the current 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. 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.