Derwent London (LON:DLN) Sets New 1-Year Low Following Analyst Downgrade

Derwent London Plc (LON:DLN) shares hit a new 52-week low on Friday after Deutsche Bank Aktiengesellschaft lowered their price target on the stock from GBX 2,000 to GBX 1,850. Deutsche Bank Aktiengesellschaft currently has a hold rating on the stock. Derwent London traded as low as GBX 1,596 and last traded at GBX 1,596, with a volume of 2424227 shares changing hands. The stock had previously closed at GBX 1,617.

Several other analysts have also recently commented on the company. Berenberg Bank raised their price target on Derwent London from GBX 2,236 to GBX 2,296 and gave the company a “buy” rating in a report on Monday, January 26th. JPMorgan Chase & Co. lowered Derwent London to a “neutral” rating and dropped their price objective for the stock from GBX 2,400 to GBX 2,100 in a report on Friday, November 28th. Three equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 2,134.

Derwent London Stock Down 1.7%

The company has a debt-to-equity ratio of 43.37, a current ratio of 0.59 and a quick ratio of 0.38. The firm’s 50-day moving average price is GBX 1,816.59 and its 200 day moving average price is GBX 1,749.95. The firm has a market capitalization of £1.79 billion, a price-to-earnings ratio of 7.52, a price-to-earnings-growth ratio of 23.10 and a beta of 1.19.

Derwent London (LON:DLN) last issued its quarterly earnings data on Thursday, February 26th. The real estate investment trust reported GBX 98.40 earnings per share (EPS) for the quarter. Derwent London had a return on equity of 4.48% and a net margin of 40.73%. Sell-side analysts expect that Derwent London Plc will post 113.7351779 EPS for the current year.

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.