Derwent London Plc (DLN) Rating Reiterated by Liberum Capital
Derwent London Plc (LON:DLN)‘s stock had its “hold” rating restated by investment analysts at Liberum Capital in a note issued to investors on Tuesday. They presently have a GBX 2,575 ($32.57) price objective on the real estate investment trust’s stock. Liberum Capital’s price target points to a potential downside of 10.96% from the stock’s previous close.
Other analysts have also issued research reports about the stock. Goldman Sachs Group, Inc. (The) lowered shares of Derwent London Plc to a “neutral” rating and set a GBX 3,250 ($41.11) price objective on the stock. in a research report on Wednesday, April 19th. Numis Securities Ltd restated a “buy” rating and set a GBX 3,420 ($43.26) target price on shares of Derwent London Plc in a report on Thursday, May 11th. Barclays PLC restated a “top pick” rating and set a GBX 3,600 ($45.54) target price (up from GBX 3,500 ($44.28)) on shares of Derwent London Plc in a report on Wednesday, May 3rd. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 3,200 ($40.48) target price on shares of Derwent London Plc in a report on Thursday, March 30th. Finally, Peel Hunt restated a “hold” rating and set a GBX 2,900 ($36.69) target price on shares of Derwent London Plc in a report on Tuesday, February 28th. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 2,863.69 ($36.23).
Shares of Derwent London Plc (LON:DLN) traded up 1.118881% on Tuesday, hitting GBX 2887.587646. 595,168 shares of the stock traded hands. The firm’s market capitalization is GBX 3.22 billion. The firm’s 50 day moving average is GBX 2,817.97 and its 200 day moving average is GBX 2,720.55. Derwent London Plc has a 52 week low of GBX 2,230.00 and a 52 week high of GBX 3,507.80.
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In other Derwent London Plc news, insider Paul M. Williams sold 2,829 shares of the company’s stock in a transaction on Tuesday, March 28th. The shares were sold at an average price of GBX 2,673 ($33.81), for a total value of £75,619.17 ($95,659.92). Also, insider David Silverman sold 3,313 shares of the company’s stock in a transaction on Thursday, June 1st. The shares were sold at an average price of GBX 2,773 ($35.08), for a total transaction of £91,869.49 ($116,216.94).
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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