Derwent London’s (DLN) “Hold” Rating Reaffirmed at Berenberg Bank

Berenberg Bank reissued their hold rating on shares of Derwent London (LON:DLNFree Report) in a research note released on Friday morning, Marketbeat reports. The firm currently has a GBX 2,512 ($31.73) target price on the real estate investment trust’s stock.

Derwent London Trading Up 0.2 %

LON:DLN opened at GBX 1,991 ($25.15) on Friday. The company’s 50 day moving average price is GBX 2,208.27 and its 200-day moving average price is GBX 2,046.39. Derwent London has a 52 week low of GBX 1,766 ($22.30) and a 52 week high of GBX 2,724 ($34.40). The company has a quick ratio of 0.38, a current ratio of 1.09 and a debt-to-equity ratio of 33.94. The stock has a market cap of £2.24 billion, a price-to-earnings ratio of -399.00, a PEG ratio of 23.10 and a beta of 0.93.

About Derwent London

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Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion as at 30 June 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.

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Analyst Recommendations for Derwent London (LON:DLN)

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