Derwent London Plc (DLN) Earns Neutral Rating from JPMorgan Chase & Co.
Derwent London Plc (LON:DLN)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research report issued on Friday. They presently have a GBX 3,200 ($39.64) price objective on the real estate investment trust’s stock. JPMorgan Chase & Co.’s target price points to a potential upside of 31.42% from the company’s previous close.
A number of other analysts have also issued reports on the stock. Deutsche Bank AG reiterated a “sell” rating on shares of Derwent London Plc in a research note on Friday. Numis Securities Ltd reiterated a “buy” rating and set a GBX 3,164 ($39.19) price objective on shares of Derwent London Plc in a research note on Thursday. Goldman Sachs Group Inc. dropped their price target on shares of Derwent London Plc from GBX 3,100 ($38.40) to GBX 3,035 ($37.59) and set a “buy” rating for the company in a research note on Wednesday, November 2nd. Liberum Capital restated a “hold” rating and issued a GBX 2,500 ($30.97) price target on shares of Derwent London Plc in a research note on Monday, October 31st. Finally, Jefferies Group dropped their price target on shares of Derwent London Plc from GBX 2,660 ($32.95) to GBX 2,257 ($27.96) and set a “hold” rating for the company in a research note on Thursday, October 27th. Four analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of GBX 2,983.71 ($36.96).
Derwent London Plc (LON:DLN) opened at 2455.00 on Friday. Derwent London Plc has a 12 month low of GBX 2,230.00 and a 12 month high of GBX 3,891.00. The stock’s market cap is GBX 2.73 billion. The firm’s 50-day moving average is GBX 2,490.49 and its 200-day moving average is GBX 2,824.15.
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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