Societe Generale Upgrades Derwent London Plc to Buy (DLN)
Derwent London Plc (LON:DLN) traded up 1.60% on Thursday, hitting GBX 2607.00. The stock had a trading volume of 224,551 shares. Derwent London Plc has a 1-year low of GBX 2145.00 and a 1-year high of GBX 2833.00. The stock has a 50-day moving average of GBX 2716. and a 200-day moving average of GBX 2644.60. The company’s market cap is £2.672 billion.
A number of other firms have also recently commented on DLN. Analysts at BNP Paribas reiterated an “outperform” rating on shares of Derwent London Plc in a research note on Tuesday. They now have a GBX 3,210 ($54.49) 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 Tuesday. They now have a GBX 2,891 ($49.07) price target on the stock. Finally, analysts at Deutsche Bank upgraded shares of Derwent London Plc to a “hold” rating in a research note on Tuesday. They now have a GBX 2,380 ($40.40) price target on the stock, up previously from GBX 2,200 ($37.35). Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of GBX 2,837.79 ($48.17).
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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