Derwent London Plc (DLN) Stock Rating Reaffirmed by Liberum Capital
Derwent London Plc (LON:DLN)‘s stock had its “hold” rating reissued by Liberum Capital in a research note issued to investors on Thursday. They currently have a GBX 2,575 ($33.30) price target on the real estate investment trust’s stock. Liberum Capital’s price target would suggest a potential downside of 10.47% from the company’s previous close.
Several other research firms have also recently issued reports on DLN. Goldman Sachs Group Inc cut Derwent London Plc to a “neutral” rating and set a GBX 3,250 ($42.03) target price for the company. in a research note on Wednesday, April 19th. Jefferies Group LLC raised their target price on Derwent London Plc from GBX 2,257 ($29.19) to GBX 2,500 ($32.33) and gave the stock an “underperform” rating in a research note on Wednesday, April 26th. Barclays PLC reissued a “top pick” rating and set a GBX 3,600 ($46.56) target price (up previously from GBX 3,500 ($45.27)) on shares of Derwent London Plc in a research note on Wednesday, May 3rd. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 3,200 ($41.39) target price on shares of Derwent London Plc in a research note on Thursday, March 30th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($37.51) target price on shares of Derwent London Plc in a research note on Tuesday, February 28th. Five equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has issued a strong buy rating to the company. Derwent London Plc has a consensus rating of “Hold” and an average target price of GBX 2,887.36 ($37.34).
Shares of Derwent London Plc (LON:DLN) traded down 0.17% during trading on Thursday, reaching GBX 2876.00. The company’s stock had a trading volume of 236,048 shares. The company’s market capitalization is GBX 3.20 billion. The stock has a 50 day moving average of GBX 2,887.41 and a 200-day moving average of GBX 2,658.08. Derwent London Plc has a 1-year low of GBX 2,230.00 and a 1-year high of GBX 3,507.80.
The company also recently disclosed a dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 4th will be paid a GBX 90.50 ($1.17) dividend. The ex-dividend date of this dividend is Thursday, May 4th. This is a boost from Derwent London Plc’s previous dividend of $13.86. This represents a dividend yield of 3.21%.
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In other news, insider Paul M. Williams sold 2,829 shares of Derwent London Plc stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of GBX 2,673 ($34.57), for a total value of £75,619.17 ($97,800.27).
Derwent London Plc Company Profile
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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