Derwent London Plc (LON:DLN) Given Average Recommendation of “Hold” by Analysts

Derwent London Plc (LON:DLN) has earned an average rating of “Hold” from the nine research firms that are presently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. The average 1-year 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 reports. Stifel Nicolaus lowered their price objective on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating on the stock in a report on Tuesday, March 31st. UBS Group restated a “sell” rating and set a GBX 1,650 price objective on shares of Derwent London in a report on Monday, May 11th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a GBX 1,850 price target on shares of Derwent London in a research report on Wednesday, May 13th. Berenberg Bank dropped their price objective on Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, The Goldman Sachs Group cut 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, March 30th.

Insider Activity at Derwent London

In related news, insider Emily Prideaux sold 2,469 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £39,578.07. Also, insider Damian Wisniewski sold 2,767 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £44,355.01. Insiders have sold 8,694 shares of company stock valued at $13,936,482 over the last ninety days. Corporate insiders own 0.43% of the company’s stock.

Derwent London Stock Performance

DLN opened at GBX 1,893 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 company’s fifty day moving average price is GBX 1,729.74 and its two-hundred day moving average price is GBX 1,739.30. Derwent London has a 1-year low of GBX 1,469.33 and a 1-year high of GBX 2,106. The company has a market cap of £2.12 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 23.10 and a beta of 1.19.

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

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.