Derwent London Plc (DLN) Receives “Buy” Rating from Goldman Sachs Group Inc.
Derwent London Plc (LON:DLN)‘s stock had its “buy” rating reissued by equities research analysts at Goldman Sachs Group Inc. in a note issued to investors on Friday. They presently have a GBX 3,035 ($37.59) target price on the real estate investment trust’s stock. Goldman Sachs Group Inc.’s target price would suggest a potential upside of 24.64% from the stock’s current price.
A number of other brokerages have also issued reports on DLN. Societe Generale reissued a “hold” rating and issued a GBX 2,820 ($34.93) target price on shares of Derwent London Plc in a research report on Friday, August 12th. Peel Hunt reissued a “hold” rating and issued a GBX 2,900 ($35.92) target price on shares of Derwent London Plc in a research report on Thursday, August 11th. Numis Securities Ltd lowered Derwent London Plc to an “add” rating and dropped their target price for the company from GBX 3,850 ($47.69) to GBX 3,164 ($39.19) in a research report on Tuesday, August 16th. HSBC lifted their target price on Derwent London Plc from GBX 2,525 ($31.28) to GBX 2,887 ($35.76) and gave the company a “hold” rating in a research report on Friday, September 30th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 3,200 ($39.64) target price on shares of Derwent London Plc in a research report on Friday. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of GBX 2,983.71 ($36.96).
Derwent London Plc (LON:DLN) opened at 2455.00 on Friday. The stock’s 50 day moving average price is GBX 2,490.49 and its 200-day moving average price is GBX 2,824.15. Derwent London Plc has a one year low of GBX 2,230.00 and a one year high of GBX 3,891.00. The firm’s market capitalization is GBX 2.73 billion.
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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