HSBC Boosts Derwent London Plc (DLN) Price Target to GBX 2,887
Derwent London Plc (LON:DLN) had its target price lifted by stock analysts at HSBC from GBX 2,525 ($32.96) to GBX 2,887 ($37.68) in a report released on Friday. The firm presently has a “hold” rating on the real estate investment trust’s stock. HSBC’s price target indicates a potential upside of 11.38% from the stock’s previous close.
Several other equities research analysts also recently weighed in on DLN. BNP Paribas restated an “underperform” rating and set a GBX 2,340 ($30.54) price target on shares of Derwent London Plc in a report on Friday, August 12th. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,900 ($37.85) price objective on shares of Derwent London Plc in a research report on Thursday, August 11th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 4,150 ($54.17) price objective on shares of Derwent London Plc in a research report on Friday, August 12th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 3,510 ($45.82) price objective on shares of Derwent London Plc in a research report on Friday, August 12th. Finally, Societe Generale reaffirmed a “hold” rating and set a GBX 2,820 ($36.81) price objective on shares of Derwent London Plc in a research report on Friday, August 12th. 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’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 2,991.82 ($39.05).
Derwent London Plc (LON:DLN) opened at 2546.00 on Friday. The stock’s market capitalization is GBX 2.83 billion. The company’s 50-day moving average price is GBX 2,686.25 and its 200 day moving average price is GBX 2,970.49. Derwent London Plc has a 12 month low of GBX 2,230.00 and a 12 month high of GBX 3,891.00.
The business also recently disclosed a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 15th will be given a dividend of GBX 13.86 ($0.18) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a yield of 0.51%.
Derwent London Plc 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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