Derwent London (DLN) Price Target Raised to GBX 3,300
Derwent London (LON:DLN) had its price objective hoisted by equities researchers at JPMorgan Chase & Co. from GBX 3,200 ($43.40) to GBX 3,300 ($44.75) in a research report issued on Monday. The firm presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price target would indicate a potential upside of 10.37% from the company’s previous close.
DLN has been the topic of several other research reports. Canaccord Genuity upped their target price on Derwent London from GBX 2,830 ($38.38) to GBX 3,010 ($40.82) and gave the company a “hold” rating in a report on Friday, December 22nd. Liberum Capital upped their target price on Derwent London from GBX 2,650 ($35.94) to GBX 3,050 ($41.36) and gave the company a “hold” rating in a report on Monday, January 8th. Goldman Sachs Group reissued a “neutral” rating and issued a GBX 3,010 ($40.82) target price on shares of Derwent London in a report on Wednesday, September 27th. Peel Hunt reissued a “hold” rating and issued a GBX 2,900 ($39.33) target price on shares of Derwent London in a report on Thursday, November 9th. Finally, Credit Suisse Group raised Derwent London to an “outperform” rating and upped their target price for the company from GBX 2,800 ($37.97) to GBX 3,410 ($46.24) in a report on Wednesday, December 6th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of GBX 3,068.33 ($41.61).
Shares of Derwent London (LON:DLN) opened at GBX 2,990 ($40.55) on Monday. The firm has a market capitalization of $3,330.00 and a price-to-earnings ratio of 3,147.37. Derwent London has a twelve month low of GBX 2,428 ($32.93) and a twelve month high of GBX 3,133 ($42.49).
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Derwent London 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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