Analysts Set Derwent London Plc (LON:DLN) Target Price at GBX 2,799.75

Posted by on Aug 13th, 2023

Derwent London Plc (LON:DLN – Get Free Report) has received an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 1 year target price among brokerages that have covered the stock in the last year is GBX 2,799.75 ($35.78).

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of Derwent London in a report on Thursday, July 20th. Shore Capital reiterated a “hold” rating on shares of Derwent London in a research report on Thursday.

Check Out Our Latest Report on Derwent London

Derwent London Stock Down 3.5 %

DLN opened at GBX 2,038 ($26.04) on Thursday. Derwent London has a fifty-two week low of GBX 1,783 ($22.79) and a fifty-two week high of GBX 2,798 ($35.76). The company has a debt-to-equity ratio of 31.51, a quick ratio of 0.38 and a current ratio of 1.27. The company has a fifty day moving average of GBX 2,123.91 and a two-hundred day moving average of GBX 2,315.29. The stock has a market capitalization of £2.29 billion, a price-to-earnings ratio of -815.20, a PEG ratio of 20.51 and a beta of 0.81.

Derwent London Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 13th. Shareholders of record on Thursday, September 7th will be issued a GBX 24.50 ($0.31) dividend. The ex-dividend date is Thursday, September 7th. This represents a yield of 1.13%. Derwent London’s payout ratio is -3,160.00%.

Derwent London Company Profile

(Get Free Report

Derwent London plc owns 75 buildings in a commercial real estate portfolio predominantly in central London valued at £5.9 billion as at 30 June 2022, making it the largest London-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.

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Analyst Recommendations for Derwent London (LON:DLN)

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