Derwent London Plc Receives Average Recommendation of “Buy” from Brokerages (LON:DLN)
Derwent London Plc (LON:DLN) has received an average rating of “Buy” from the thirteen brokerages that are currently covering the company, Stock Ratings Network reports. Five investment analysts have rated the stock with a hold recommendation and eight have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 2,982.18 ($49.49).
Derwent London Plc (LON:DLN) opened at 2793.00 on Friday. Derwent London Plc has a 52 week low of GBX 2271.00 and a 52 week high of GBX 2872.00. The stock’s 50-day moving average is GBX 2740. and its 200-day moving average is GBX 2720.81. The company’s market cap is £2.869 billion.
The company also recently declared a dividend, which is scheduled for Thursday, October 23rd. Stockholders of record on Wednesday, September 17th will be given a dividend of GBX 11.65 ($0.19) per share. This represents a yield of 0.42%. The ex-dividend date of this dividend is Wednesday, September 17th.
A number of research firms have recently commented on DLN. Analysts at Oriel Securities Ltd reiterated an “add” rating on shares of Derwent London Plc in a research note on Tuesday. Separately, analysts at JPMorgan Chase & Co. upgraded shares of Derwent London Plc to an “overweight” rating in a research note on Thursday, August 14th. They now have a GBX 3,060 ($50.78) price target on the stock. Finally, analysts at Liberum Capital reiterated a “hold” rating on shares of Derwent London Plc in a research note on Thursday, August 14th. They now have a GBX 2,891 ($47.98) price target on the stock.
Derwent London plc is a real estate investment trust (LON:DLN) focused on the central London commercial property market.
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