Derwent London Plc’s (DLN) “Buy” Rating Reaffirmed at Numis Securities Ltd
Derwent London Plc (LON:DLN)‘s stock had its “buy” rating restated by research analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They presently have a GBX 3,164 ($39.19) price target on the real estate investment trust’s stock. Numis Securities Ltd’s target price points to a potential upside of 29.57% from the stock’s previous close.
Other equities analysts have also recently issued research reports about the stock. Goldman Sachs Group Inc. lowered their target price on shares of Derwent London Plc from GBX 3,100 ($38.40) to GBX 3,035 ($37.59) and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Canaccord Genuity raised their price objective on shares of Derwent London Plc from GBX 2,560 ($31.71) to GBX 2,610 ($32.33) and gave the company a “hold” rating in a research report on Friday, August 26th. Jefferies Group reduced their price objective on shares of Derwent London Plc from GBX 2,950 ($36.54) to GBX 2,660 ($32.95) and set a “hold” rating for the company in a research report on Friday, August 19th. Liberum Capital restated a “hold” rating and set a GBX 2,500 ($30.97) price objective on shares of Derwent London Plc in a research report on Monday, August 15th. Finally, Peel Hunt restated a “hold” rating and set a GBX 2,900 ($35.92) price objective on shares of Derwent London Plc in a research report on Thursday, August 11th. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,983.71 ($36.96).
Derwent London Plc (LON:DLN) opened at 2475.00 on Thursday. The company’s 50-day moving average is GBX 2,494.84 and its 200 day moving average is GBX 2,827.66. 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 2.75 billion.
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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