Derwent London Plc (DLN) Receives “Underperform” Rating from BNP Paribas
Derwent London Plc (LON:DLN)‘s stock had its “underperform” rating reaffirmed by research analysts at BNP Paribas in a report issued on Monday. They currently have a GBX 2,520 ($32.89) price objective on the real estate investment trust’s stock. BNP Paribas’ price objective would suggest a potential downside of 3.11% from the stock’s current price.
DLN has been the subject of several other reports. Deutsche Bank AG downgraded Derwent London Plc to a “sell” rating and reduced their price objective for the company from GBX 3,510 ($45.82) to GBX 2,000 ($26.11) in a research note on Tuesday, September 13th. Liberum Capital reissued a “hold” rating and issued a GBX 2,500 ($32.63) price objective on shares of Derwent London Plc in a research note on Friday, September 9th. Jefferies Group reduced their price objective on Derwent London Plc from GBX 2,950 ($38.51) to GBX 2,660 ($34.72) and set a “hold” rating for the company in a research note on Friday, August 19th. Goldman Sachs Group Inc. raised Derwent London Plc to a “buy” rating and reduced their price objective for the company from GBX 3,815 ($49.80) to GBX 3,100 ($40.46) in a research note on Wednesday, June 29th. Finally, Societe Generale dropped their target price on Derwent London Plc from GBX 3,570 ($46.60) to GBX 2,820 ($36.81) and set a “hold” rating for the company in a report on Tuesday, July 5th. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have issued a buy rating to the company. Derwent London Plc presently has a consensus rating of “Hold” and an average price target of GBX 3,002.41 ($39.19).
Shares of Derwent London Plc (LON:DLN) opened at 2599.00 on Monday. Derwent London Plc has a 12-month low of GBX 2,230.00 and a 12-month high of GBX 3,891.00. The company has a 50 day moving average price of GBX 2,681.14 and a 200 day moving average price of GBX 2,966.15. The company’s market capitalization is GBX 2.89 billion.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be issued 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.
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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