Derwent London (DLN)

Sector:

Property Investment Trusts

Index:

FTSE 250

2,142.00p
   
  • Change Today:
      66.00p
  • 52 Week High: 2,402.00
  • 52 Week Low: 1,779.00
  • Currency: UK Pounds
  • Shares Issued: 112.29m
  • Volume: 226,121
  • Market Cap: £2,405.27m
  • RiskGrade: 145

Goldman upgrades Great Portland, Derwent London

By Michele Maatouk

Date: Friday 15 Sep 2023

LONDON (ShareCast) - (Sharecast News) - Goldman Sachs upgraded its stance on Great Portland Estates and Derwent London on Friday.
GPE was lifted to 'neutral' from 'sell' and the price target to 400p from 360p. The bank said it expects West End market locations, particularly "core", to deliver a better fundamental asset performance than previously anticipated.

Meanwhile, Derwent was upgraded to 'buy' from 'neutral' and the price target bumped up to 2,090p from 1,960p.

Goldman said it has greater confidence in West End market fundamentals and that the 14% share price underperformance versus peers in the last three months has created a "steep" valuation discount.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Derwent London Market Data

Currency UK Pounds
Share Price 2,142.00p
Change Today 66.00p
% Change 3.18 %
52 Week High 2,402.00
52 Week Low 1,779.00
Volume 226,121
Shares Issued 112.29m
Market Cap £2,405.27m
RiskGrade 145

Derwent London Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
3.62% above the market average3.62% above the market average3.62% above the market average3.62% above the market average3.62% above the market average
46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average46.15% below the sector average
Price Trend
20.16% below the market average20.16% below the market average20.16% below the market average20.16% below the market average20.16% below the market average
13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average13.33% below the sector average
Income
20.60% above the market average20.60% above the market average20.60% above the market average20.60% above the market average20.60% above the market average
52% below the sector average52% below the sector average52% below the sector average52% below the sector average52% below the sector average
Growth
56.36% below the market average56.36% below the market average56.36% below the market average56.36% below the market average56.36% below the market average
57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average57.14% below the sector average

What The Brokers Say

Strong Buy 5
Buy 5
Neutral 7
Sell 1
Strong Sell 1
Total 19
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Derwent London Dividends

  Latest Previous
  Final Interim
Ex-Div 25-Apr-24 07-Sep-23
Paid 31-May-24 13-Oct-23
Amount 55.00p 24.50p

Trades for 03-May-2024

Time Volume / Share Price
16:35 132,602 @ 2,142.00p
16:35 791 @ 2,142.00p
16:35 309 @ 2,142.00p
16:35 2,036 @ 2,142.00p
16:35 2,745 @ 2,142.00p

Derwent London Key Personnel

CEO Paul M. Williams
CFO Damian Wisniewski

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