Derwent London (LON:DLN) Earns “Overweight” Rating from JPMorgan Chase & Co.

Derwent London (LON:DLN)‘s stock had its “overweight” rating restated by stock analysts at JPMorgan Chase & Co. in a report issued on Wednesday, Marketbeat.com reports.

Separately, Shore Capital reissued a “buy” rating on shares of Derwent London in a research report on Monday.

Derwent London Stock Performance

LON:DLN opened at GBX 1,782.29 ($24.11) on Wednesday. Derwent London has a 12-month low of GBX 1,665 ($22.53) and a 12-month high of GBX 2,530 ($34.23). The company has a quick ratio of 0.38, a current ratio of 0.51 and a debt-to-equity ratio of 40.68. The firm has a market capitalization of £2.00 billion, a PE ratio of -5.53, a price-to-earnings-growth ratio of 23.10 and a beta of 1.03. The firm has a 50-day moving average price of GBX 1,965.46 and a 200 day moving average price of GBX 1,919.05.

Derwent London (LON:DLN) last posted its quarterly earnings results on Tuesday, August 12th. The real estate investment trust reported GBX 52.20 ($0.71) earnings per share (EPS) for the quarter. Derwent London had a negative net margin of 129.56% and a negative return on equity of 10.41%. Research analysts anticipate that Derwent London will post 113.7351779 earnings per share for the current fiscal year.

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.