Derwent London Plc’s (DLN) Sell Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG reissued their sell rating on shares of Derwent London Plc (LON:DLN) in a report released on Tuesday. The brokerage currently has a GBX 2,000 ($26.11) price target on the real estate investment trust’s stock.
DLN has been the subject of several other research reports. Canaccord Genuity boosted their price objective on Derwent London Plc from GBX 2,560 ($33.42) to GBX 2,610 ($34.07) and gave the company a hold rating in a report on Friday, August 26th. Liberum Capital restated a hold rating and set a GBX 2,500 ($32.63) price objective on shares of Derwent London Plc in a report on Monday, August 15th. BNP Paribas restated an underperform rating and set a GBX 2,340 ($30.54) price objective on shares of Derwent London Plc in a report on Friday, August 12th. Goldman Sachs Group Inc. restated a hold rating and set a GBX 2,950 ($38.51) price objective on shares of Derwent London Plc in a report on Friday, August 12th. Finally, Numis Securities Ltd restated a buy rating and set a GBX 3,850 ($50.25) price objective on shares of Derwent London Plc in a report on Thursday, August 11th. Four analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company. The company 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 2505.00 on Tuesday. 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’s market cap is GBX 2.79 billion. The stock has a 50 day moving average price of GBX 2,670.75 and a 200 day moving average price of GBX 2,959.45.
The business also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be given a dividend of GBX 13.86 ($0.18) per share. This represents a yield of 0.51%. The ex-dividend date of this dividend 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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