Derwent London Plc Rating Increased to Hold at Deutsche Bank (DLN)
Derwent London Plc (LON:DLN) was upgraded by analysts at Deutsche Bank to a “hold” rating in a research report issued to clients and investors on Tuesday. The firm currently has a GBX 2,380 ($40.40) price objective on the stock, up from their previous price objective of GBX 2,200 ($37.35). Deutsche Bank’s price target points to a potential downside of 8.59% from the stock’s previous close.
DLN has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Derwent London Plc in a research note on Monday. They now have a GBX 2,902 ($49.26) price target on the stock. Separately, analysts at Liberum Capital reiterated a “hold” rating on shares of Derwent London Plc in a research note on Monday, June 2nd. They now have a GBX 2,891 ($49.07) price target on the stock, up previously from GBX 2,885 ($48.97). Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 2,834.60 ($48.12).
Shares of Derwent London Plc (LON:DLN) traded down 1.24% on Tuesday, hitting GBX 2562.7607. The stock had a trading volume of 342,266 shares. Derwent London Plc has a 52-week low of GBX 2145.00 and a 52-week high of GBX 2833.00. The stock has a 50-day moving average of GBX 2725. and a 200-day moving average of GBX 2643.87. The company’s market cap is £2.626 billion.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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