Derwent London (LON:DLN) Rating Lowered to Neutral at JPMorgan Chase & Co.

Derwent London (LON:DLN) was downgraded by equities research analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued on Friday, Marketbeat.com reports. They presently have a GBX 2,100 price objective on the real estate investment trust’s stock, down from their prior price objective of GBX 2,400. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 23.53% from the company’s previous close.

DLN has been the topic of several other research reports. Peel Hunt reduced their price target on shares of Derwent London from GBX 2,385 to GBX 2,290 and set a “buy” rating on the stock in a research report on Thursday, September 18th. Shore Capital restated a “buy” rating on shares of Derwent London in a report on Thursday, November 6th. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 2,195.

Derwent London Trading Up 0.8%

DLN traded up GBX 13 during mid-day trading on Friday, hitting GBX 1,700. 196,773 shares of the stock were exchanged, compared to its average volume of 735,200. The firm’s fifty day moving average is GBX 1,741.95 and its two-hundred day moving average is GBX 1,836.82. Derwent London has a 1-year low of GBX 1,602 and a 1-year high of GBX 2,138. The company has a market cap of £1.91 billion, a PE ratio of 8.04, a PEG ratio of 23.10 and a beta of 1.03. The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68.

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.