Derwent London (LON:DLN - Get Rating)'s stock had its "buy" rating reaffirmed by research analysts at Peel Hunt in a report issued on Tuesday, LSE.Co.UK reports. They presently have a GBX 2,950 ($35.60) target price on the real estate investment trust's stock. Peel Hunt's price target would suggest a potential upside of 14.55% from the company's previous close.
→ Buy THIS stock before Taiwan is attacked (From Behind the Markets)
DLN has been the topic of several other research reports. Barclays reissued an "overweight" rating and issued a GBX 2,500 ($30.17) price objective on shares of Derwent London in a research note on Friday, November 4th. Berenberg Bank decreased their price objective on Derwent London from GBX 2,800 ($33.79) to GBX 2,450 ($29.56) and set a "hold" rating for the company in a report on Tuesday, December 20th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 3,399 ($41.02) price objective on shares of Derwent London in a research note on Tuesday. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of GBX 2,965 ($35.78).
Shares of DLN stock opened at GBX 2,575.39 ($31.08) on Tuesday. Derwent London has a 1 year low of GBX 1,783 ($21.52) and a 1 year high of GBX 3,325 ($40.12). The company has a debt-to-equity ratio of 30.84, a current ratio of 1.82 and a quick ratio of 0.38. The stock's 50 day simple moving average is GBX 2,538.88 and its two-hundred day simple moving average is GBX 2,378.67. The company has a market cap of £2.89 billion, a PE ratio of 1,086.55, a price-to-earnings-growth ratio of 7.81 and a beta of 0.81.
Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2020, 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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Derwent London, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Derwent London wasn't on the list.
While Derwent London currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.