Derwent London’s (DLN) “Outperform” Rating Reaffirmed at Credit Suisse Group

Derwent London (LON:DLN)‘s stock had its “outperform” rating reaffirmed by investment analysts at Credit Suisse Group in a research report issued on Friday. They currently have a GBX 3,410 ($47.81) target price on the real estate investment trust’s stock. Credit Suisse Group’s target price would indicate a potential upside of 19.82% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Liberum Capital reissued a “hold” rating and issued a GBX 2,650 ($37.16) price target on shares of Derwent London in a report on Thursday, November 9th. Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($40.66) price target on shares of Derwent London in a research report on Thursday, November 9th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a GBX 3,200 ($44.87) target price on shares of Derwent London in a research report on Friday, November 10th. Canaccord Genuity upped their target price on Derwent London from GBX 2,830 ($39.68) to GBX 3,010 ($42.20) and gave the stock a “hold” rating in a research report on Friday, December 22nd. Finally, Jefferies Group reaffirmed an “underperform” rating and issued a GBX 2,450 ($34.35) target price on shares of Derwent London in a research report on Thursday, January 18th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 3,103.45 ($43.51).

Shares of Derwent London (DLN) traded up GBX 32 ($0.45) during mid-day trading on Friday, hitting GBX 2,846 ($39.90). The company’s stock had a trading volume of 141,792 shares, compared to its average volume of 257,242. Derwent London has a one year low of GBX 2,573 ($36.08) and a one year high of GBX 3,133 ($43.93). The stock has a market cap of $3,150.00 and a P/E ratio of 2,995.79.

In related news, insider Robert Rayne sold 15,000 shares of Derwent London stock in a transaction dated Friday, December 29th. The stock was sold at an average price of GBX 3,100 ($43.47), for a total transaction of £465,000 ($651,991.03).

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About Derwent London

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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