Derwent London Rating Reiterated by Jefferies Group (DLN)
Derwent London (LON:DLN)‘s stock had its “hold” rating reiterated by equities researchers at Jefferies Group in a research report issued on Friday, American Banking and Market News reports. They currently have a GBX 2,600 ($42.68) price target on the stock. Jefferies Group’s price target would suggest a potential downside of 0.23% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Liberum Capital raised their price target on shares of Derwent London from GBX 2,676 ($43.93) to GBX 2,849 ($46.77) in a research note to investors on Thursday. They now have a “hold” rating on the stock. Separately, analysts at HSBC reiterated an “overweight” rating on shares of Derwent London in a research note to investors on Tuesday. They now have a GBX 3,202 ($52.56) 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 Monday. They now have a GBX 2,890 ($47.44) price target on the stock. Ten investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,644.98 ($43.42).
Shares of Derwent London (LON:DLN) traded down 0.38% during mid-day trading on Friday, hitting GBX 2606.00. The stock had a trading volume of 148,827 shares. Derwent London has a 52 week low of GBX 2101.00 and a 52 week high of GBX 2635.00. The stock’s 50-day moving average is GBX 2487. and its 200-day moving average is GBX 2436.. The company’s market cap is £2.669 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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