Brokers Set Expectations for Derwent London Plc’s FY2022 Earnings (OTCMKTS:DWVYF)

Derwent London Plc (OTCMKTS:DWVYFGet Rating) – Equities research analysts at Jefferies Financial Group issued their FY2022 earnings estimates for Derwent London in a research note issued on Tuesday, July 12th. Jefferies Financial Group analyst M. Prew forecasts that the company will post earnings per share of $1.34 for the year. The consensus estimate for Derwent London’s current full-year earnings is $1.53 per share. Jefferies Financial Group also issued estimates for Derwent London’s FY2023 earnings at $1.50 EPS and FY2024 earnings at $1.55 EPS.

DWVYF has been the topic of several other reports. JPMorgan Chase & Co. raised shares of Derwent London from a “neutral” rating to an “overweight” rating in a research note on Wednesday, April 13th. Panmure Gordon cut shares of Derwent London from a “buy” rating to a “hold” rating in a report on Wednesday, June 15th. Finally, Barclays cut their target price on shares of Derwent London from GBX 2,800 ($33.30) to GBX 2,690 ($31.99) in a report on Tuesday, July 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $2,690.00.

DWVYF stock opened at $32.00 on Thursday. Derwent London has a one year low of $32.00 and a one year high of $47.30. The company’s 50 day moving average price is $35.53 and its two-hundred day moving average price is $40.80.

About Derwent London (Get Rating)

Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £5.4 billion (including joint ventures) as at 30 June 2020, making it the largest London-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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