Derwent London Plc (DLN) Given “Hold” Rating at Liberum Capital
Liberum Capital reissued their hold rating on shares of Derwent London Plc (LON:DLN) in a research report sent to investors on Tuesday morning. The firm currently has a GBX 2,500 ($32.63) target price on the real estate investment trust’s stock.
Several other brokerages have also recently weighed in on DLN. Societe Generale reaffirmed a hold rating and set a GBX 2,820 ($36.81) price target on shares of Derwent London Plc in a research note on Friday, August 12th. Peel Hunt reaffirmed a hold rating and set a GBX 2,900 ($37.85) price target on shares of Derwent London Plc in a research note on Thursday, August 11th. Numis Securities Ltd cut shares of Derwent London Plc to an add rating and decreased their price target for the stock from GBX 3,850 ($50.25) to GBX 3,164 ($41.30) in a research note on Tuesday, August 16th. HSBC raised their price target on shares of Derwent London Plc from GBX 2,525 ($32.96) to GBX 2,887 ($37.68) and gave the stock a hold rating in a research note on Friday, September 30th. Finally, Jefferies Group reaffirmed a hold rating and set a GBX 2,950 ($38.51) price target on shares of Derwent London Plc in a research note on Friday, August 12th. Four investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of GBX 3,002.41 ($39.19).
Derwent London Plc (LON:DLN) traded down 1.80% during trading on Tuesday, reaching GBX 2513.00. 244,856 shares of the company traded hands. The company’s 50-day moving average is GBX 2,670.75 and its 200 day moving average is GBX 2,959.45. The company’s market cap is GBX 2.80 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 also recently declared a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 15th will be paid a GBX 13.86 ($0.18) dividend. This represents a dividend 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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