Deutsche Bank Aktiengesellschaft Cuts Derwent London (LON:DLN) Price Target to GBX 1,850

Derwent London (LON:DLN) had its price target cut by Deutsche Bank Aktiengesellschaft from GBX 2,000 to GBX 1,850 in a research note issued to investors on Friday, MarketBeat reports. They currently have a hold rating on the real estate investment trust’s stock.

DLN has been the topic of a number of other research reports. Berenberg Bank increased their price target on Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. downgraded Derwent London to a “neutral” rating and lowered their price objective for the stock from GBX 2,400 to GBX 2,100 in a research report on Friday, November 28th. Three analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, Derwent London has an average rating of “Moderate Buy” and a consensus target price of GBX 2,134.

Derwent London Trading Down 2.9%

Shares of LON DLN opened at GBX 1,570 on Friday. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. The stock has a market capitalization of £1.76 billion, a PE ratio of 7.43, a PEG ratio of 23.10 and a beta of 1.19. Derwent London has a twelve month low of GBX 1,561 and a twelve month high of GBX 2,106. The stock has a fifty day simple moving average of GBX 1,810.99 and a 200-day simple moving average of GBX 1,750.23.

Derwent London (LON:DLN) last announced its earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. On average, equities analysts forecast that Derwent London will post 113.7351779 earnings per share for the current year.

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.