Stifel Nicolaus Lowers Derwent London (LON:DLN) Price Target to GBX 1,650

Derwent London (LON:DLN) had its price target cut by equities research analysts at Stifel Nicolaus from GBX 1,925 to GBX 1,650 in a note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would indicate a potential upside of 2.84% from the company’s previous close.

Several other research analysts have also commented on DLN. The Goldman Sachs Group dropped their price objective 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. Deutsche Bank Aktiengesellschaft lowered 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 report on Friday, March 20th. Finally, Berenberg Bank lifted their price target on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the stock a “buy” rating in a research note on Monday, January 26th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of GBX 2,085.

Derwent London Stock Up 2.1%

Shares of DLN opened at GBX 1,604.50 on Tuesday. The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38. The stock has a market capitalization of £1.80 billion, a price-to-earnings ratio of 7.59, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. Derwent London has a 1 year low of GBX 1,469.33 and a 1 year high of GBX 2,106. The business’s 50 day simple moving average is GBX 1,759.94 and its 200-day simple moving average is GBX 1,743.19.

Derwent London (LON:DLN) last posted 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%. As a group, equities analysts expect that Derwent London will post 113.7351779 earnings per share for the current fiscal 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.