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

Shore Capital upgraded shares of Derwent London (LON:DLN) to a buy rating in a report published on Wednesday, MarketBeat.com reports.

Separately, Berenberg Bank increased their price target on shares of Derwent London from GBX 2,494 ($31.69) to GBX 2,700 ($34.31) and gave the stock a “buy” rating in a report on Wednesday, August 21st.

Derwent London Price Performance

Shares of LON:DLN opened at GBX 2,084 ($26.48) on Wednesday. Derwent London has a twelve month low of GBX 1,874 ($23.81) and a twelve month high of GBX 2,530 ($32.15). The company’s 50 day moving average is GBX 2,211.46 and its 200 day moving average is GBX 2,280.66. 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 company has a market cap of £2.34 billion, a PE ratio of -651.71, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03.

About Derwent London

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.