Derwent London Plc (LON:DLN) Receives Consensus Rating of “Hold” from Brokerages

Derwent London Plc (LON:DLN) has received a consensus recommendation of “Hold” from the nine research firms that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 1,956.50.

A number of research analysts recently weighed in on DLN shares. Jefferies Financial Group restated an “underperform” rating and issued a GBX 1,492 price objective on shares of Derwent London in a report on Thursday, June 11th. UBS Group restated a “sell” rating and issued a GBX 1,650 price objective on shares of Derwent London in a report on Monday, May 11th. Stifel Nicolaus dropped their price objective on shares of Derwent London from GBX 1,925 to GBX 1,650 and set a “hold” rating for the company in a report on Tuesday, March 31st. The Goldman Sachs Group dropped their price objective on shares of Derwent London from GBX 2,550 to GBX 2,410 and set a “buy” rating for the company in a report on Monday, March 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a GBX 1,850 price objective on shares of Derwent London in a report on Wednesday, May 13th.

Insider Buying and Selling

In related news, insider Paul M. Williams sold 3,458 shares of Derwent London 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 value of £55,431.74. Also, insider Emily Prideaux sold 2,469 shares of Derwent London stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of GBX 1,603, for a total transaction of £39,578.07. Insiders sold 8,694 shares of company stock worth $13,936,482 over the last 90 days. 0.43% of the stock is owned by insiders.

Derwent London Trading Down 0.1%

Shares of DLN stock opened at GBX 1,899 on Friday. 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 capitalization of £2.13 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company has a 50 day moving average price of GBX 1,758.75 and a 200 day moving average price of GBX 1,747.38. Derwent London has a fifty-two week low of GBX 1,469.33 and a fifty-two week high of GBX 2,106.

Derwent London declared that its Board of Directors has initiated a share repurchase program on Tuesday, May 12th that permits the company to repurchase 0 shares. This repurchase authorization permits the real estate investment trust to reacquire shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s leadership believes its shares are undervalued.

About Derwent London

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.