Derwent London Plc’s “Hold” Rating Reaffirmed at Liberum Capital (DLN)
Derwent London Plc (LON:DLN)‘s stock had its “hold” rating reaffirmed by stock analysts at Liberum Capital in a report issued on Thursday. They currently have a GBX 2,891 ($48.50) price target on the stock. Liberum Capital’s target price indicates a potential upside of 7.83% from the stock’s previous close.
Derwent London Plc (LON:DLN) traded up 4.56% during mid-day trading on Thursday, hitting GBX 2799.00. 226,607 shares of the company’s stock traded hands. Derwent London Plc has a 52 week low of GBX 2255.00 and a 52 week high of GBX 2833.00. The stock’s 50-day moving average is GBX 2679. and its 200-day moving average is GBX 2698.12. The company’s market cap is £2.868 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 23rd. Investors of record on Wednesday, September 17th will be given a dividend of GBX 11.65 ($0.20) per share. This represents a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, September 17th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Jefferies Group reiterated a “buy” rating on shares of Derwent London Plc in a research note on Tuesday. They now have a GBX 3,062 ($51.37) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Derwent London Plc in a research note on Friday, August 8th. Finally, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Derwent London Plc in a research note on Thursday, July 31st. They now have a GBX 3,060 ($51.33) price target on the stock. Six equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of GBX 2,932.62 ($49.20).
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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