Derwent London Plc (DLN) Rating Reiterated by Deutsche Bank AG
Derwent London Plc (LON:DLN)‘s stock had its “sell” rating reissued by research analysts at Deutsche Bank AG in a research note issued on Friday. They currently have a GBX 2,000 ($24.99) target price on the real estate investment trust’s stock. Deutsche Bank AG’s target price would indicate a potential downside of 17.42% from the company’s current price.
Several other equities research analysts have also recently issued reports on DLN. BNP Paribas reaffirmed an “underperform” rating and set a GBX 2,340 ($29.24) target price on shares of Derwent London Plc in a research note on Friday, August 12th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and set a GBX 4,150 ($51.85) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Societe Generale reaffirmed a “hold” rating and set a GBX 2,820 ($35.23) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,900 ($36.23) target price on shares of Derwent London Plc in a research note on Thursday, August 11th. Finally, Goldman Sachs Group Inc. lowered their target price on shares of Derwent London Plc from GBX 3,100 ($38.73) to GBX 3,035 ($37.92) and set a “buy” rating on the stock in a research note on Wednesday, November 2nd. Four research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Derwent London Plc currently has an average rating of “Hold” and an average target price of GBX 2,905.63 ($36.30).
Derwent London Plc (LON:DLN) opened at 2449.00 on Friday. The stock’s market cap is GBX 2.72 billion. The company has a 50-day moving average of GBX 2,475.86 and a 200 day moving average of GBX 2,808.57. Derwent London Plc has a 1-year low of GBX 2,230.00 and a 1-year high of GBX 3,891.00.
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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