Jefferies Group Reiterates Hold Rating for Derwent London (DLN)
Derwent London (LON:DLN)‘s stock had its “hold” rating restated by analysts at Jefferies Group in a research report issued to clients and investors on Monday, AnalystRatingsNetwork reports. They currently have a GBX 2,506 ($40.01) price target on the stock. Jefferies Group’s target price indicates a potential upside of 0.08% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Bank of America Corp. reiterated a “buy” rating on shares of Derwent London in a research note to investors on Tuesday, October 8th. They now have a GBX 2,650 ($42.31) 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 ($39.91) 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 ($42.31) price target on the stock. Twelve investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of GBX 2,463.54 ($39.33).
Shares of Derwent London (LON:DLN) traded up 1.71% during mid-day trading on Monday, hitting GBX 2504.00. The stock had a trading volume of 134,084 shares. Derwent London has a 52-week low of GBX 1956.00 and a 52-week high of GBX 2550.00. The stock’s 50-day moving average is GBX 2343. and its 200-day moving average is GBX 2324.32. The company’s market cap is £2.564 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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