Peel Hunt restated their hold rating on shares of Derwent London (LON:DLN) in a research note issued to investors on Tuesday, ThisIsMoney.Co.Uk reports.
Several other equities research analysts have also recently issued reports on the stock. Royal Bank of Canada reaffirmed an underperform rating on shares of Derwent London in a research note on Monday, May 4th. UBS Group reaffirmed a buy rating on shares of Derwent London in a research note on Thursday, April 9th. Barclays lowered their target price on shares of 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 note on Thursday, June 4th. Liberum Capital reaffirmed a hold rating on shares of Derwent London in a research note on Tuesday. Finally, Morgan Stanley reduced their price target on Derwent London from GBX 4,250 ($52.30) to GBX 3,400 ($41.84) and set an overweight rating on the stock in a report on Monday, May 11th. Three equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Derwent London has an average rating of Hold and a consensus target price of GBX 3,595.07 ($44.24).
Shares of DLN opened at GBX 2,894 ($35.61) on Tuesday. Derwent London has a 52-week low of GBX 2,462 ($30.30) and a 52-week high of GBX 4,362 ($53.68). The company has a quick ratio of 0.81, a current ratio of 2.40 and a debt-to-equity ratio of 23.23. The firm’s fifty day moving average is GBX 2,952.56 and its two-hundred day moving average is GBX 3,465.05. The stock has a market cap of $3.18 billion and a PE ratio of 11.23.
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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