Derwent London Plc (LON:DLN) Receives Average Rating of “Hold” from Analysts

Derwent London Plc (LON:DLN) has earned an average rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 1,956.50.

DLN has been the topic of several research analyst reports. Stifel Nicolaus cut their price target on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a research note on Tuesday, March 31st. The Goldman Sachs Group dropped their price objective on Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating on the stock in a report on Monday, March 30th. UBS Group reiterated a “sell” rating and set a GBX 1,650 target price on shares of Derwent London in a research report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,850 target price on shares of Derwent London in a report on Wednesday, May 13th. Finally, Jefferies Financial Group restated an “underperform” rating and set a GBX 1,492 price target on shares of Derwent London in a research note on Wednesday, July 1st.

Derwent London Stock Down 0.5%

Shares of LON:DLN opened at GBX 1,982.10 on Wednesday. The firm has a 50 day simple moving average of GBX 1,810.38 and a 200-day simple moving average of GBX 1,772.34. Derwent London has a twelve month low of GBX 1,469.33 and a twelve month high of GBX 2,036. 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 company has a market capitalization of £2.21 billion, a PE ratio of 13.81, a P/E/G ratio of 23.10 and a beta of 1.19.

Derwent London announced that its board has authorized a stock buyback plan on Tuesday, May 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the real estate investment trust to purchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

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.