The Goldman Sachs Group Issues Pessimistic Forecast for Derwent London (LON:DLN) Stock Price

Derwent London (LON:DLN) had its price target lowered by research analysts at The Goldman Sachs Group from GBX 2,550 to GBX 2,410 in a report released on Monday,London Stock Exchange reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price target points to a potential upside of 57.16% from the company’s previous close.

Other equities analysts also recently issued reports about the stock. Berenberg Bank upped their price target on shares of Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a research note on Monday, January 26th. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Derwent London from GBX 2,000 to GBX 1,850 and set a “hold” rating for the company in a research note on Friday, March 20th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 2,189.20.

Derwent London Stock Performance

Shares of LON DLN traded up GBX 18.44 during trading hours on Monday, reaching GBX 1,533.44. 400,426 shares of the stock were exchanged, compared to its average volume of 1,169,266. The firm has a market capitalization of £1.72 billion, a price-to-earnings ratio of 7.26, a P/E/G ratio of 23.10 and a beta of 1.19. The stock’s fifty day simple moving average is GBX 1,778.83 and its 200 day simple moving average is GBX 1,745.24. The company has a debt-to-equity ratio of 43.37, a quick ratio of 0.38 and a current ratio of 0.59. Derwent London has a 52 week low of GBX 1,469.33 and a 52 week high of GBX 2,106.

Derwent London (LON:DLN) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 EPS for the quarter. Derwent London had a return on equity of 4.48% and a net margin of 40.73%. Sell-side analysts predict 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.