Derwent London (LON:DLN) Earns Hold Rating from Peel Hunt
Peel Hunt reissued their hold rating on shares of Derwent London (LON:DLN) in a report issued on Tuesday, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently issued reports on the company. Jefferies Financial Group lifted their price target on Derwent London from GBX 2,350 ($30.91) to GBX 3,000 ($39.46) and gave the company an underperform rating in a report on Friday, January 17th. Bank of America lifted their price target on Derwent London from GBX 4,000 ($52.62) to GBX 4,580 ($60.25) and gave the company a buy rating in a report on Wednesday, January 15th. Barclays reaffirmed an underweight rating on shares of Derwent London in a report on Wednesday, November 27th. JPMorgan Chase & Co. lifted their price target on Derwent London from GBX 3,500 ($46.04) to GBX 3,720 ($48.93) and gave the company an underweight rating in a report on Thursday, January 16th. Finally, Royal Bank of Canada lifted their price target on Derwent London from GBX 2,850 ($37.49) to GBX 2,900 ($38.15) and gave the company an underperform rating in a report on Monday, December 16th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 3,650.07 ($48.01).
Derwent London stock opened at GBX 4,156 ($54.67) on Tuesday. The stock has a 50-day simple moving average of GBX 4,063.68 and a 200 day simple moving average of GBX 3,558.71. The company has a quick ratio of 0.57, a current ratio of 1.13 and a debt-to-equity ratio of 23.91. Derwent London has a 12-month low of GBX 2,858 ($37.60) and a 12-month high of GBX 4,234 ($55.70). The stock has a market capitalization of $4.66 billion and a price-to-earnings ratio of 21.11.
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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