Derwent London Plc (LON:DLN) Earns Hold Rating from Liberum Capital
Derwent London Plc (LON:DLN)‘s stock had its “hold” rating restated by investment analysts at Liberum Capital in a research note issued on Monday. They presently have a GBX 2,575 ($33.35) target price on the real estate investment trust’s stock. Liberum Capital’s price target points to a potential downside of 3.12% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the stock. Barclays PLC reissued a “top pick” rating and issued a GBX 3,600 ($46.63) target price (up previously from GBX 3,500 ($45.34)) on shares of Derwent London Plc in a report on Wednesday, May 3rd. Goldman Sachs Group, Inc. (The) reissued a “buy” rating and issued a GBX 3,250 ($42.10) target price on shares of Derwent London Plc in a report on Tuesday, March 7th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 3,420 ($44.30) target price on shares of Derwent London Plc in a report on Thursday, May 11th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 3,200 ($41.45) target price on shares of Derwent London Plc in a report on Thursday, March 30th. Finally, Canaccord Genuity increased their target price on shares of Derwent London Plc from GBX 2,530 ($32.77) to GBX 2,680 ($34.72) and gave the stock a “hold” rating in a report on Friday, March 17th. Four investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and an average target price of GBX 2,863.69 ($37.09).
Shares of Derwent London Plc (LON:DLN) traded down 0.72% during trading on Monday, reaching GBX 2635.00. 250,087 shares of the company traded hands. Derwent London Plc has a 12 month low of GBX 2,241.04 and a 12 month high of GBX 3,021.00. The company has a 50-day moving average of GBX 2,777.74 and a 200-day moving average of GBX 2,740.05. The stock’s market capitalization is GBX 2.94 billion.
In other Derwent London Plc news, insider David Silverman sold 3,313 shares of the stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of GBX 2,773 ($35.92), for a total transaction of £91,869.49 ($119,001.93).
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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