Berenberg Bank Has Lowered Expectations for Derwent London (LON:DLN) Stock Price

Derwent London (LON:DLN) had its target price reduced by analysts at Berenberg Bank from GBX 2,296 to GBX 2,210 in a research report issued on Wednesday,London Stock Exchange reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. Berenberg Bank’s price objective would indicate a potential upside of 38.13% from the company’s previous close.

DLN has been the subject of a number of other reports. Stifel Nicolaus lowered their price target on Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a report on Tuesday. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a research report on Friday, March 20th. Finally, The Goldman Sachs Group decreased their price objective on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a report on Monday. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 2,085.

Derwent London Trading Down 0.6%

Shares of DLN opened at GBX 1,600 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.38 and a debt-to-equity ratio of 43.37. Derwent London has a 12-month low of GBX 1,469.33 and a 12-month high of GBX 2,106. The firm has a 50-day moving average price of GBX 1,753.84 and a 200 day moving average price of GBX 1,742.20. The firm has a market capitalization of £1.80 billion, a P/E ratio of 7.57, a P/E/G ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last issued 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 forecast that Derwent London will post 113.7351779 EPS 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.