Deutsche Bank AG Reaffirms Sell Rating for Derwent London Plc (DLN)
Derwent London Plc (LON:DLN)‘s stock had its “sell” rating reissued by stock analysts at Deutsche Bank AG in a report issued on Tuesday. They currently have a GBX 2,000 ($26.11) target price on the real estate investment trust’s stock. Deutsche Bank AG’s price objective suggests a potential downside of 18.90% from the stock’s previous close.
DLN has been the subject of a number of other reports. Liberum Capital reiterated a “hold” rating and set a GBX 2,500 ($32.63) target price on shares of Derwent London Plc in a research report on Friday, September 9th. Jefferies Group lowered their price target on Derwent London Plc from GBX 2,950 ($38.51) to GBX 2,660 ($34.72) and set a “hold” rating for the company in a research report on Friday, August 19th. Goldman Sachs Group Inc. upgraded Derwent London Plc to a “buy” rating and lowered their price target for the stock from GBX 3,815 ($49.80) to GBX 3,100 ($40.46) in a research report on Wednesday, June 29th. BNP Paribas restated a “neutral” rating and issued a GBX 2,860 ($37.33) price target on shares of Derwent London Plc in a research report on Monday, July 4th. Finally, Barclays PLC lowered their price target on Derwent London Plc from GBX 4,300 ($56.13) to GBX 3,500 ($45.69) and set an “overweight” rating for the company in a research report on Thursday, July 7th. Four investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have issued a buy rating to the stock. Derwent London Plc has an average rating of “Hold” and a consensus price target of GBX 3,002.41 ($39.19).
Shares of Derwent London Plc (LON:DLN) traded down 1.40% during mid-day trading on Tuesday, hitting GBX 2465.78. 450,545 shares of the stock were exchanged. The firm’s market cap is GBX 2746.54 billion. Derwent London Plc has a 12 month low of GBX 2,230.00 and a 12 month high of GBX 3,891.00. The stock’s 50 day moving average is GBX 2,649.89 and its 200 day moving average is GBX 2,948.33.
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The business also recently announced a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 15th will be paid a GBX 13.86 ($0.18) dividend. The ex-dividend date is Thursday, September 15th. This represents a yield of 0.51%.
About Derwent London Plc
Derwent London plc is a United Kingdom-based real estate investment trust (REIT) operating in central London region. The Company owns and manages a portfolio of approximately 6.2 million square feet located in over 15 villages in London’s West End and City borders and focus on middle market rents. The Company’s property portfolio includes investment property, owner-occupied property and trading property.
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