Derwent London Plc (LON:DLN - Get Rating) has received an average rating of "Hold" from the six analysts that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,881.20 ($34.97).
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Several research firms have commented on DLN. Barclays reiterated an "overweight" rating and issued a GBX 2,500 ($30.35) price objective on shares of Derwent London in a research note on Friday, November 4th. Berenberg Bank decreased their price objective on shares of Derwent London from GBX 2,800 ($33.99) to GBX 2,450 ($29.74) and set a "hold" rating for the company in a research note on Tuesday, December 20th.
LON:DLN opened at GBX 2,640 ($32.05) on Wednesday. The company has a debt-to-equity ratio of 30.84, a quick ratio of 0.38 and a current ratio of 1.82. The firm has a market cap of £2.96 billion and a price-to-earnings ratio of 1,109.24. Derwent London has a 52 week low of GBX 1,783 ($21.64) and a 52 week high of GBX 3,325 ($40.36). The firm has a 50-day moving average price of GBX 2,483.25 and a two-hundred day moving average price of GBX 2,393.36.
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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