Derwent London Given “Hold” Rating at Jefferies Group (DLN)
Derwent London (LON:DLN)‘s stock had its “hold” rating reaffirmed by Jefferies Group in a research note issued on Friday, Analyst Ratings Net reports. They currently have a GBX 2,600 ($42.66) price target on the stock. Jefferies Group’s price target would indicate a potential downside of 2.80% from the stock’s previous close.
Derwent London (LON:DLN) traded up 0.34% during mid-day trading on Friday, hitting GBX 2675.00. The stock had a trading volume of 78,723 shares. Derwent London has a 1-year low of GBX 2101.00 and a 1-year high of GBX 2710.00. The stock’s 50-day moving average is GBX 2553. and its 200-day moving average is GBX 2447.. The company’s market cap is £2.740 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Deutsche Bank reiterated a “sell” rating on shares of Derwent London in a research note on Friday, February 7th. They now have a GBX 2,140 ($35.11) price target on the stock. Separately, analysts at BNP Paribas reiterated an “outperform” rating on shares of Derwent London in a research note on Friday, January 31st. They now have a GBX 2,890 ($47.42) price target on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus target price of GBX 2,659.11 ($43.63).
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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