Derwent London Plc (DLN) Receives Underperform Rating from BNP Paribas
Derwent London Plc (LON:DLN)‘s stock had its “underperform” rating reiterated by BNP Paribas in a research report issued to clients and investors on Tuesday.
DLN has been the topic of several other research reports. Canaccord Genuity boosted their price target on Derwent London Plc from GBX 2,560 ($31.20) to GBX 2,610 ($31.81) and gave the company a “hold” rating in a research note on Friday, August 26th. Liberum Capital reiterated a “hold” rating and set a GBX 2,500 ($30.47) price target on shares of Derwent London Plc in a research note on Monday, August 15th. Goldman Sachs Group Inc. restated a “hold” rating and issued a GBX 2,950 ($35.95) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Deutsche Bank AG downgraded Derwent London Plc to a “sell” rating and lowered their target price for the stock from GBX 3,510 ($42.78) to GBX 2,000 ($24.38) in a research note on Tuesday, September 13th. Finally, Numis Securities Ltd restated a “buy” rating and issued a GBX 3,850 ($46.92) target price on shares of Derwent London Plc in a research note on Thursday, August 11th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company’s stock. Derwent London Plc presently has an average rating of “Hold” and a consensus target price of GBX 3,002.41 ($36.59).
Derwent London Plc (LON:DLN) traded up 2.12% during mid-day trading on Tuesday, reaching GBX 2500.00. The company’s stock had a trading volume of 248,442 shares. 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’s market cap is GBX 2.78 billion. The firm’s 50 day moving average is GBX 2,598.08 and its 200-day moving average is GBX 2,912.79.
The business also recently declared a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be issued a GBX 13.86 ($0.17) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend 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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