Derwent London’s Outperform Rating Reaffirmed at BNP Paribas (DLN)
Derwent London (LON:DLN)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas in a research note issued to investors on Friday, Analyst Ratings Network.com reports. They currently have a GBX 2,890 ($47.62) price target on the stock. BNP Paribas’ price target would indicate a potential upside of 16.06% from the company’s current price.
A number of other analysts have also recently weighed in on DLN. Analysts at Deutsche Bank downgraded shares of Derwent London to a “sell” rating in a research note to investors on Wednesday. They now have a GBX 2,140 ($35.26) price target on the stock. Separately, analysts at Goldman Sachs Group Inc. reiterated a “buy” rating on shares of Derwent London in a research note to investors on Monday, January 27th. They now have a GBX 3,162 ($52.10) price target on the stock. Finally, 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. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of GBX 2,659.11 ($43.81).
Shares of Derwent London (LON:DLN) opened at 2490.00 on Friday. Derwent London has a 1-year low of GBX 2101.00 and a 1-year high of GBX 2663.00. The stock’s 50-day moving average is GBX 2503. and its 200-day moving average is GBX 2438.89. The company’s market cap is £2.550 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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