Shore Capital Upgrades Derwent London (LON:DLN) to Buy

Derwent London (LON:DLN) was upgraded by equities research analysts at Shore Capital to a “buy” rating in a research note issued to investors on Wednesday,Digital Look reports.

Separately, Berenberg Bank raised their target price on Derwent London from GBX 2,494 ($31.60) to GBX 2,700 ($34.21) and gave the company a “buy” rating in a research note on Wednesday, August 21st.

Derwent London Price Performance

DLN opened at GBX 2,082 ($26.38) on Wednesday. Derwent London has a twelve month low of GBX 1,874 ($23.75) and a twelve month high of GBX 2,530 ($32.06). The company has a current ratio of 0.51, a quick ratio of 0.38 and a debt-to-equity ratio of 40.68. The firm has a market cap of £2.34 billion, a price-to-earnings ratio of -648.60, a PEG ratio of 23.10 and a beta of 1.03. The company has a fifty day simple moving average of GBX 2,218.09 and a 200 day simple moving average of GBX 2,281.75.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-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.