Derwent London Stock Rating Reaffirmed by HSBC (DLN)
Derwent London (LON:DLN)‘s stock had its “overweight” rating restated by HSBC in a research note issued on Tuesday, AR Network reports. They currently have a GBX 3,202 ($52.56) price target on the stock. HSBC’s target price suggests a potential upside of 22.45% from the company’s current price.
A number of other analysts have also recently weighed in on DLN. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Derwent London in a research note to investors on Monday. They now have a GBX 2,890 ($47.44) price target on the stock. Separately, analysts at JPMorgan Chase & Co. raised their price target on shares of Derwent London from GBX 2,500 ($41.04) to GBX 2,650 ($43.50) in a research note to investors on Wednesday, January 15th. They now have a “neutral” rating on the stock. Finally, analysts at Jefferies Group raised their price target on shares of Derwent London from GBX 2,506 ($41.14) to GBX 2,600 ($42.68) in a research note to investors on Wednesday, January 15th. They now have a “hold” rating on the stock. Ten investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Derwent London currently has an average rating of “Hold” and an average target price of GBX 2,630.40 ($43.18).
Shares of Derwent London (LON:DLN) opened at 2615.00 on Tuesday. Derwent London has a 52 week low of GBX 2101.00 and a 52 week high of GBX 2625.00. The stock has a 50-day moving average of GBX 2465.43 and a 200-day moving average of GBX 2431.. The company’s market cap is £2.678 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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