Derwent London Plc (DLN) Receives Average Recommendation of “Hold” from Analysts
Derwent London Plc (LON:DLN) has earned an average rating of “Hold” from the fourteen analysts that are currently covering the firm, Marketbeat reports. Four research analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is GBX 2,887.71 ($37.71).
A number of analysts have recently commented on DLN shares. Barclays PLC reissued a “top pick” rating and issued a GBX 3,600 ($47.01) price objective (up previously from GBX 3,500 ($45.70)) on shares of Derwent London Plc in a research report on Wednesday, May 3rd. Liberum Capital reissued a “hold” rating and issued a GBX 2,575 ($33.62) price objective on shares of Derwent London Plc in a research report on Tuesday, June 13th. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 3,200 ($41.79) price objective on shares of Derwent London Plc in a research report on Thursday, March 30th. Goldman Sachs Group, Inc. (The) boosted their price objective on shares of Derwent London Plc from GBX 3,250 ($42.44) to GBX 3,266 ($42.65) and gave the stock a “neutral” rating in a research report on Friday, May 12th. Finally, Jefferies Group LLC boosted their price objective on shares of Derwent London Plc from GBX 2,257 ($29.47) to GBX 2,500 ($32.65) and gave the stock an “underperform” rating in a research report on Wednesday, April 26th.
Shares of Derwent London Plc (LON:DLN) opened at 2779.00 on Wednesday. The company’s 50-day moving average is GBX 2,722.40 and its 200-day moving average is GBX 2,735.51. The company’s market capitalization is GBX 3.10 billion. Derwent London Plc has a one year low of GBX 2,341.00 and a one year high of GBX 3,021.00.
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In other Derwent London Plc news, 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 ($36.21), for a total value of £91,869.49 ($119,965.38).
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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