A number of other research analysts have also recently commented on DLN. Goldman Sachs Group lowered their price target on Derwent London from GBX 4,174 ($51.37) to GBX 3,673 ($45.20) and set a buy rating on the stock in a report on Monday, June 8th. Royal Bank of Canada reaffirmed an underperform rating on shares of Derwent London in a report on Monday, May 4th. Barclays cut their target price on Derwent London from GBX 3,400 ($41.84) to GBX 2,680 ($32.98) and set an underweight rating on the stock in a research report on Thursday, June 4th. Peel Hunt downgraded Derwent London to a hold rating and cut their target price for the company from GBX 4,400 ($54.15) to GBX 3,100 ($38.15) in a research report on Wednesday, May 6th. Finally, Stifel Nicolaus raised Derwent London to a buy rating and boosted their target price for the company from GBX 4,000 ($49.22) to GBX 4,275 ($52.61) in a research report on Tuesday, March 3rd. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The stock presently has a consensus rating of Hold and an average target price of GBX 3,595.07 ($44.24).
Derwent London stock opened at GBX 2,776 ($34.16) on Tuesday. The business has a 50-day simple moving average of GBX 2,941 and a two-hundred day simple moving average of GBX 3,514.45. The company has a market cap of $3.15 billion and a P/E ratio of 11.11. The company has a quick ratio of 0.81, a current ratio of 2.40 and a debt-to-equity ratio of 23.23. Derwent London has a 52-week low of GBX 2,462 ($30.30) and a 52-week high of GBX 4,362 ($53.68).
Derwent London Company Profile
Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, 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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