Derwent London (LON:DLN)‘s stock had its “underperform” rating reaffirmed by research analysts at Jefferies Group in a report released on Thursday. They presently have a GBX 2,450 ($33.22) target price on the real estate investment trust’s stock. Jefferies Group’s price target indicates a potential downside of 17.59% from the stock’s previous close.

A number of other research analysts have also weighed in on DLN. Liberum Capital raised their target price on shares of 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. Canaccord Genuity raised their target price on shares of 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. JPMorgan Chase & Co. raised their target price on shares of Derwent London from GBX 3,200 ($43.40) to GBX 3,300 ($44.75) and gave the company a “neutral” rating in a report on Monday. Credit Suisse Group raised shares of Derwent London to an “outperform” rating and raised 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. Finally, 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. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Derwent London presently has an average rating of “Hold” and an average price target of GBX 3,064.17 ($41.55).

Derwent London (LON DLN) traded down GBX 52 ($0.71) during trading on Thursday, hitting GBX 2,973 ($40.32). 229,806 shares of the stock traded hands, compared to its average volume of 230,751. The company has a market capitalization of $3,310.00 and a PE ratio of 3,129.47. Derwent London has a 52-week low of GBX 2,428 ($32.93) and a 52-week high of GBX 3,133 ($42.49).

In other Derwent London news, insider Robert Rayne sold 15,000 shares of Derwent London stock in a transaction on Friday, December 29th. The shares were sold at an average price of GBX 3,100 ($42.04), for a total transaction of £465,000 ($630,593.98).

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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.

Analyst Recommendations for Derwent London (LON:DLN)

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