Derwent London Plc (LON:DLN) Given Consensus Rating of “Hold” by Analysts

Shares of Derwent London Plc (LON:DLN) have been given an average recommendation of “Hold” by the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,956.50.

A number of research firms have recently commented on DLN. UBS Group reiterated a “sell” rating and set a GBX 1,650 price target on shares of Derwent London in a report on Monday, May 11th. Berenberg Bank cut their price target on shares of Derwent London from GBX 2,296 to GBX 2,210 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Jefferies Financial Group reiterated an “underperform” rating and set a GBX 1,492 price target on shares of Derwent London in a report on Tuesday, May 12th. The Goldman Sachs Group cut their price target 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a GBX 1,850 price target on shares of Derwent London in a report on Wednesday, May 13th.

Derwent London Price Performance

Shares of DLN opened at GBX 1,721 on Tuesday. The firm’s 50-day simple moving average is GBX 1,671.94 and its two-hundred day simple moving average is GBX 1,733.73. Derwent London has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,106. The company has a debt-to-equity ratio of 43.37, a quick ratio of 0.38 and a current ratio of 0.59. The stock has a market cap of £1.93 billion, a PE ratio of 11.99, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last posted its quarterly earnings results on Thursday, February 26th. The real estate investment trust reported GBX 98.40 EPS for the quarter. Derwent London had a net margin of 40.73% and a return on equity of 4.48%. Analysts anticipate that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

Derwent London announced that its board has approved a share buyback plan on Tuesday, May 12th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In related news, insider Paul M. Williams sold 3,458 shares of the stock in a transaction that occurred on Tuesday, April 7th. The shares were sold at an average price of GBX 1,603, for a total transaction of £55,431.74. Also, insider Damian Wisniewski sold 2,767 shares of the stock in a transaction that occurred on 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 a total of 8,694 shares of company stock worth $13,936,482 over the last 90 days. 0.40% of the stock is currently owned by insiders.

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.