Jefferies Financial Group Reaffirms “Hold” Rating for Derwent London (LON:DLN)

Derwent London (LON:DLN)‘s stock had its “hold” rating reaffirmed by analysts at Jefferies Financial Group in a research report issued on Thursday, Digital Look reports. They currently have a GBX 1,655 price target on the real estate investment trust’s stock. Jefferies Financial Group’s price target would indicate a potential downside of 11.59% from the stock’s current price.

Several other equities analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a GBX 1,850 price objective on shares of Derwent London in a report on Friday, August 7th. Berenberg Bank cut their price objective on shares of Derwent London from GBX 2,210 to GBX 2,071 and set a “buy” rating for the company in a research report on Monday, September 14th. Three analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of GBX 1,912.29.

Derwent London Stock Performance

LON DLN opened at GBX 1,872 on Thursday. The firm’s fifty day moving average price is GBX 1,918.34 and its two-hundred day moving average price is GBX 1,862.85. Derwent London has a 1 year low of GBX 1,469.33 and a 1 year high of GBX 2,196. The firm has a market capitalization of £2.05 billion, a P/E ratio of 43.78, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19. The company has a current ratio of 1.12, a quick ratio of 0.38 and a debt-to-equity ratio of 41.50.

Derwent London (LON:DLN) last issued its earnings results on Friday, August 7th. The real estate investment trust reported GBX (16.59) earnings per share (EPS) for the quarter. Derwent London had a net margin of 11.97% and a return on equity of 1.35%. As a group, research analysts anticipate that Derwent London will post 113.74 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.