Derwent London (LON:DLN) Stock Rating Upgraded by Shore Capital

Derwent London (LON:DLN) was upgraded by analysts at Shore Capital to a “buy” rating in a research report issued to clients and investors on Wednesday, Marketbeat.com reports.

Separately, Berenberg Bank upped their target price on Derwent London from GBX 2,494 ($31.82) to GBX 2,700 ($34.45) and gave the company a “buy” rating in a research report on Wednesday, August 21st.

Derwent London Trading Down 1.1 %

LON:DLN opened at GBX 2,070 ($26.41) on Wednesday. The stock has a 50-day simple moving average of GBX 2,204.46 and a 200-day simple moving average of GBX 2,279.19. The stock has a market cap of £2.32 billion, a P/E ratio of -644.86, a P/E/G ratio of 23.10 and a beta of 1.03. Derwent London has a 1 year low of GBX 1,874 ($23.91) and a 1 year high of GBX 2,530 ($32.28). The company has a debt-to-equity ratio of 40.68, a quick ratio of 0.38 and a current ratio of 0.51.

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.