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.
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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.
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