Derwent London Stock Rating Lowered by Deutsche Bank (DLN)
Derwent London (LON:DLN) was downgraded by Deutsche Bank to a “sell” rating in a research note issued on Wednesday, Analyst Ratings Network reports. They currently have a GBX 2,140 ($35.26) price target on the stock. Deutsche Bank’s target price suggests a potential downside of 17.63% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Derwent London in a research note to investors on Monday. They now have a GBX 3,162 ($52.10) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Derwent London in a research note to investors on Friday, January 24th. They now have a GBX 2,600 ($42.84) price target on the stock. Finally, analysts at Liberum Capital raised their price target on shares of Derwent London from GBX 2,676 ($44.09) to GBX 2,849 ($46.94) in a research note to investors on Thursday, January 23rd. They now have a “hold” rating on the stock. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the stock. Derwent London presently has an average rating of “Hold” and an average target price of GBX 2,659.11 ($43.81).
Derwent London (LON:DLN) traded down 2.08% on Wednesday, hitting GBX 2544.00. 235,071 shares of the company’s stock traded hands. Derwent London has a 52 week low of GBX 2101.00 and a 52 week high of GBX 2637.00. The stock has a 50-day moving average of GBX 2496. and a 200-day moving average of GBX 2437.. The company’s market cap is £2.605 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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