Peel Hunt reiterated their hold rating on shares of Derwent London (LON:DLN) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other research analysts have also recently commented on the company. JPMorgan Chase & Co. increased 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 research report on Thursday, January 16th. Royal Bank of Canada increased 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 research report on Monday, December 16th. Numis Securities reissued an add rating on shares of Derwent London in a research report on Wednesday, February 5th. Goldman Sachs Group increased their price target on Derwent London from GBX 3,722 ($48.96) to GBX 4,277 ($56.26) and gave the company a neutral rating in a research report on Friday, January 17th. Finally, Liberum Capital increased their price target on Derwent London from GBX 3,100 ($40.78) to GBX 4,160 ($54.72) and gave the company a hold rating in a research report on Monday, January 27th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. Derwent London presently has an average rating of Hold and a consensus price target of GBX 3,650.07 ($48.01).
Shares of LON DLN opened at GBX 4,280 ($56.30) on Tuesday. The stock has a 50 day moving average price of GBX 4,070.56 and a 200 day moving average price of GBX 3,564.98. Derwent London has a 52 week low of GBX 2,858 ($37.60) and a 52 week high of GBX 4,234 ($55.70). The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13. The stock has a market capitalization of $4.78 billion and a PE ratio of 21.74.
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.
Further Reading: Initial Coin Offering (ICO)
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