Shore Capital upgraded shares of Derwent London (LON:DLN - Free Report) to a buy rating in a research report report published on Wednesday morning, Marketbeat reports.
Separately, Berenberg Bank boosted their target price on Derwent London from GBX 2,494 ($31.69) to GBX 2,700 ($34.31) and gave the stock a "buy" rating in a research report on Wednesday, August 21st.
View Our Latest Stock Analysis on DLN
Derwent London Stock Performance
Shares of LON:DLN traded up GBX 24.17 ($0.31) during trading on Wednesday, reaching GBX 2,092.17 ($26.58). The company had a trading volume of 246,528 shares, compared to its average volume of 218,778. The firm has a market capitalization of £2.35 billion, a price-to-earnings ratio of -648.60, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The company has a debt-to-equity ratio of 40.68, a current ratio of 0.51 and a quick ratio of 0.38. The stock's fifty day moving average price is GBX 2,218.09 and its 200 day moving average price is GBX 2,281.75. Derwent London has a fifty-two week low of GBX 1,874 ($23.81) and a fifty-two week high of GBX 2,530 ($32.15).
About Derwent London
(
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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.
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