Derwent London Given “Sell” Rating at Deutsche Bank (DLN)
Derwent London (LON:DLN)‘s stock had its “sell” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Friday, Stock Ratings Network reports. They currently have a GBX 2,140 ($35.86) target price on the stock. Deutsche Bank’s target price suggests a potential downside of 22.66% from the company’s current price.
Derwent London (LON:DLN) opened at 2794.00 on Friday. Derwent London has a 1-year low of GBX 2101.00 and a 1-year high of GBX 2756.00. The stock has a 50-day moving average of GBX 2571. and a 200-day moving average of GBX 2454.42. The company’s market cap is £2.861 billion.
A number of other firms have also recently commented on DLN. Analysts at Liberum Capital reiterated a “hold” rating on shares of Derwent London in a research note on Wednesday. They now have a GBX 2,849 ($47.75) price target on the stock. Separately, analysts at Jefferies Group reiterated a “hold” rating on shares of Derwent London in a research note on Friday, February 14th. They now have a GBX 2,600 ($43.57) price target on the stock. Finally, 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 ($48.43) price target on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and six have assigned a buy rating to the company’s stock. Derwent London presently has a consensus rating of “Hold” and an average target price of GBX 2,659.11 ($44.56).
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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