Brokerages Set Derwent London Plc (LON:DLN) Price Target at GBX 3,437.57


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Derwent London Plc (LON:DLN) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given 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 3,437.57 ($44.91).

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Derwent London from GBX 3,280 ($42.85) to GBX 3,400 ($44.42) and gave the company a “hold” rating in a research note on Thursday, March 11th.

LON:DLN opened at GBX 3,384 ($44.21) on Friday. The stock has a market cap of £3.80 billion and a P/E ratio of -48.04. Derwent London has a one year low of GBX 2,334 ($30.49) and a one year high of GBX 3,497 ($45.69). The company has a fifty day moving average price of GBX 3,311.42 and a 200 day moving average price of GBX 3,159.51. The company has a debt-to-equity ratio of 25.62, a current ratio of 2.83 and a quick ratio of 0.97.

The business also recently announced a dividend, which will be paid on Friday, June 4th. Investors of record on Thursday, April 29th will be issued a GBX 52.45 ($0.69) dividend. The ex-dividend date of this dividend is Thursday, April 29th. This is a boost from Derwent London’s previous dividend of $22.00. This represents a yield of 1.59%. Derwent London’s dividend payout ratio is presently -1.06%.

In other news, insider John David Burns sold 7,137 shares of the business’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of GBX 3,303 ($43.15), for a total value of £235,735.11 ($307,989.43). Also, insider David Silverman sold 90 shares of Derwent London stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of GBX 3,202 ($41.83), for a total value of £2,881.80 ($3,765.09).

About Derwent London

Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2020, making it the largest London-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.

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Analyst Recommendations for Derwent London (LON:DLN)

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