Bank of America Corp. Reiterates “Buy” Rating for Derwent London (DLN)
Derwent London (LON:DLN)‘s stock had its “buy” rating reaffirmed by research analysts at Bank of America Corp. in a report released on Tuesday, Analyst Ratings.Net reports. They currently have a GBX 2,650 ($42.52) price objective on the stock. Bank of America Corp.’s target price indicates a potential upside of 10.10% from the stock’s previous close.
A number of other analysts have also recently weighed in on DLN. Analysts at Jefferies Group reiterated a “hold” rating on shares of Derwent London in a research note to investors on Thursday, October 3rd. They now have a GBX 2,406 ($38.60) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Derwent London in a research note to investors on Thursday, October 3rd. They now have a GBX 2,500 ($40.11) price target on the stock. Finally, analysts at BNP Paribas reiterated an “outperform” rating on shares of Derwent London in a research note to investors on Tuesday, October 1st. They now have a GBX 2,650 ($42.52) price target on the stock. Eleven analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 2,456.39 ($39.41).
Shares of Derwent London (LON:DLN) traded up 0.42% during mid-day trading on Tuesday, hitting GBX 2407.00. The stock had a trading volume of 152,260 shares. Derwent London has a 1-year low of GBX 1927.00 and a 1-year high of GBX 2550.00. The stock has a 50-day moving average of GBX 2343. and a 200-day moving average of GBX 2324.32. The company’s market cap is £2.465 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.