Derwent London Plc’s (DLN) Buy Rating Reiterated at Numis Securities Ltd
Derwent London Plc (LON:DLN)‘s stock had its “buy” rating reaffirmed by equities research analysts at Numis Securities Ltd in a research note issued to investors on Monday. They currently have a GBX 3,457 ($44.65) price target on the real estate investment trust’s stock. Numis Securities Ltd’s price target indicates a potential upside of 24.80% from the stock’s previous close.
Several other equities research analysts have also recently weighed in on the company. Liberum Capital restated a “hold” rating and set a GBX 2,575 ($33.26) target price on shares of Derwent London Plc in a report on Monday, July 3rd. J P Morgan Chase & Co restated a “neutral” rating and set a GBX 3,200 ($41.33) target price on shares of Derwent London Plc in a report on Wednesday, May 31st. HSBC Holdings plc increased their target price on Derwent London Plc from GBX 2,817 ($36.38) to GBX 3,053 ($39.43) and gave the company a “hold” rating in a report on Thursday, August 17th. Peel Hunt restated a “hold” rating and set a GBX 2,900 ($37.45) target price on shares of Derwent London Plc in a report on Thursday, August 10th. Finally, Deutsche Bank AG upgraded Derwent London Plc to a “hold” rating and increased their target price for the company from GBX 2,000 ($25.83) to GBX 2,750 ($35.52) in a report on Monday. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. Derwent London Plc presently has an average rating of “Hold” and an average target price of GBX 3,003 ($38.78).
Derwent London Plc (DLN) opened at 2831.00 on Monday. The stock’s 50 day moving average price is GBX 2,798.62 and its 200-day moving average price is GBX 2,790.85. Derwent London Plc has a 12 month low of GBX 2,341.00 and a 12 month high of GBX 3,021.00. The company’s market capitalization is GBX 3.15 billion.
Derwent London Plc (LON:DLN) last issued its earnings results on Thursday, August 10th. The real estate investment trust reported $0.45 earnings per share for the quarter, meeting the consensus estimate of $0.45. Derwent London Plc had a return on equity of 7.38% and a net margin of 146.08%. On average, equities research analysts predict that Derwent London Plc will post $88.58 EPS for the current fiscal year.
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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