Derwent London Rating Reiterated by JPMorgan Chase & Co. (DLN)
Derwent London (LON:DLN)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday, Stock Ratings Network.com reports. They currently have a GBX 2,500 ($39.09) price target on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 6.43% from the company’s current price.
DLN has been the subject of a number of other recent research reports. Analysts at Numis Securities Ltd raised 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 to investors on Tuesday. They now have an “add” rating on the stock. Separately, 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). 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 company. The stock has an average rating of “Hold” and an average price target of GBX 2,475.89 ($38.71).
Derwent London (LON:DLN) opened at 2352.00 on Friday. The stock has a 50-day moving average of GBX 2352.62 and a 200-day moving average of GBX 2317.. The company’s market cap is £2.409 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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