Derwent London Plc (LON:DLN - Get Rating) has been assigned an average rating of "Hold" from the eight research firms that are covering the company, Marketbeat Ratings reports. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,950.71 ($35.48).
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Several brokerages have recently issued reports on DLN. Berenberg Bank dropped their target price on shares of Derwent London from GBX 2,800 ($33.67) to GBX 2,450 ($29.46) and set a "hold" rating on the stock in a research report on Tuesday, December 20th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 3,399 ($40.87) target price on shares of Derwent London in a research report on Tuesday, February 28th. Barclays reiterated an "underweight" rating and issued a GBX 2,400 ($28.86) target price on shares of Derwent London in a research report on Wednesday, March 1st. Finally, Peel Hunt reiterated a "buy" rating and issued a GBX 2,950 ($35.47) target price on shares of Derwent London in a research report on Tuesday, February 28th.
DLN stock opened at GBX 2,438 ($29.32) on Friday. The firm has a market cap of £2.74 billion, a PE ratio of -975.20, a P/E/G ratio of 5.10 and a beta of 0.81. 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 firm's fifty day moving average is GBX 2,570.35 and its 200 day moving average is GBX 2,375.28. Derwent London has a one year low of GBX 1,783 ($21.44) and a one year high of GBX 3,325 ($39.98).
The business also recently declared a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Thursday, April 27th will be paid a GBX 54.50 ($0.66) dividend. This represents a dividend yield of 2.1%. This is an increase from Derwent London's previous dividend of $24.00. The ex-dividend date is Thursday, April 27th. Derwent London's payout ratio is -3,160.00%.
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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