Derwent London Plc (LON:DLN) Receives Consensus Rating of “Hold” from Analysts
Shares of Derwent London Plc (LON:DLN) have been given an average recommendation of “Hold” by the nineteen brokerages that are presently covering the stock. Three investment analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is GBX 3,010.47 ($39.30).
DLN has been the subject of a number of analyst reports. Deutsche Bank AG cut Derwent London Plc to a “sell” rating and reduced their price target for the stock from GBX 3,510 ($45.82) to GBX 2,000 ($26.11) in a report on Tuesday, September 13th. Liberum Capital cut their price objective on Derwent London Plc from GBX 2,860 ($37.33) to GBX 2,500 ($32.63) and set a “hold” rating for the company in a research note on Monday, July 4th. Barclays PLC cut their price objective on Derwent London Plc from GBX 4,300 ($56.13) to GBX 3,500 ($45.69) and set an “overweight” rating for the company in a research note on Thursday, July 7th. BNP Paribas lowered Derwent London Plc to an “underperform” rating and set a GBX 2,270 ($29.63) price objective for the company. in a research note on Friday, July 8th. Finally, Morgan Stanley boosted their price objective on Derwent London Plc from GBX 2,400 ($31.33) to GBX 2,600 ($33.94) and gave the stock an “underweight” rating in a research note on Wednesday, August 31st.
Derwent London Plc (LON:DLN) traded down 0.49% during midday trading on Wednesday, hitting GBX 2617.00. The stock had a trading volume of 225,998 shares. The company’s market cap is GBX 2.91 billion. Derwent London Plc has a 12-month low of GBX 2,230.00 and a 12-month high of GBX 3,891.00. The firm has a 50-day moving average of GBX 2,696.25 and a 200-day moving average of GBX 2,976.08.
The company also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 15th will be paid a dividend of GBX 13.86 ($0.18) per share. This represents a yield of 0.51%. The ex-dividend date is Thursday, September 15th.
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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