Derwent London PT Raised to GBX 2,595 (DLN)
Equities research analysts at Numis Securities Ltd boosted their price target on shares of Derwent London (LON:DLN) from GBX 2,390 ($37.37) to GBX 2,595 ($40.57) in a research note issued to investors on Tuesday, Stock Ratings Network.com reports. The firm currently has an “add” rating on the stock. Numis Securities Ltd’s price target suggests a potential upside of 14.12% from the stock’s previous close.
Derwent London (LON:DLN) opened at 2311.00 on Tuesday. Derwent London has a 52 week low of GBX 1906.00 and a 52 week high of GBX 2550.00. The stock’s 50-day moving average is GBX 2362. and its 200-day moving average is GBX 2314.90. The company’s market cap is £2.367 billion.
A number of other firms have also recently commented on DLN. Analysts at Deutsche Bank downgraded shares of Derwent London (LON:DLN) from a “buy” rating to a “hold” rating in a research note to investors on Tuesday, September 3rd. They now have a GBX 2,140 ($33.46) price target on the stock, down previously from GBX 2,760 ($43.15). Separately, analysts at JPMorgan Chase & Co. cut their price target on shares of Derwent London (LON:DLN) from GBX 2,650 ($41.43) to GBX 2,500 ($39.09) in a research note to investors on Tuesday, September 3rd. They now have a “neutral” rating on the stock. Finally, analysts at BNP Paribas upgraded shares of Derwent London (LON:DLN) from a “neutral” rating to an “outperform” rating in a research note to investors on Monday, September 2nd. They now have a GBX 2,650 ($41.43) price target on the stock, up previously from GBX 2,360 ($36.90).
Nine equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of GBX 2,475.89 ($38.71).
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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