Derwent London (LON:DLN) Price Target Raised to GBX 2,296

Derwent London (LON:DLN) had its target price increased by Berenberg Bank from GBX 2,236 to GBX 2,296 in a research note issued to investors on Monday morning, MarketBeat reports. The brokerage currently has a buy rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the company. Shore Capital restated a “buy” rating on shares of Derwent London in a research note on Thursday, November 6th. JPMorgan Chase & Co. downgraded shares of Derwent London to a “neutral” rating and lowered their price objective for the company from GBX 2,400 to GBX 2,100 in a report on Friday, November 28th. Three research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, Derwent London has an average rating of “Moderate Buy” and an average price target of GBX 2,228.67.

Derwent London Stock Performance

Shares of Derwent London stock opened at GBX 1,946 on Monday. The firm has a market cap of £2.19 billion, a price-to-earnings ratio of 9.21, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The stock’s 50-day moving average is GBX 1,742.66 and its 200-day moving average is GBX 1,766.71. Derwent London has a one year low of GBX 1,600 and a one year high of GBX 2,106. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38.

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.