Derwent London Plc (DLN) Rating Lowered to Neutral at Goldman Sachs Group Inc
Derwent London Plc (LON:DLN) was downgraded by investment analysts at Goldman Sachs Group Inc to a “neutral” rating in a research note issued on Wednesday, April 19th. They currently have a GBX 3,250 ($41.95) price target on the real estate investment trust’s stock. Goldman Sachs Group Inc’s price objective indicates a potential upside of 13.68% from the stock’s previous close.
DLN has been the subject of a number of other research reports. Jefferies Group LLC reiterated an “underperform” rating and issued a GBX 2,257 ($29.13) target price on shares of Derwent London Plc in a research report on Wednesday, March 1st. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 3,200 ($41.31) target price on shares of Derwent London Plc in a research report on Thursday, March 30th. Peel Hunt reiterated a “hold” rating and issued a GBX 2,900 ($37.43) target price on shares of Derwent London Plc in a research report on Tuesday, February 28th. Numis Securities Ltd restated an “add” rating and set a GBX 3,141 ($40.54) price target on shares of Derwent London Plc in a research note on Tuesday, February 28th. Finally, Liberum Capital restated a “hold” rating and set a GBX 2,575 ($33.24) price target on shares of Derwent London Plc in a research note on Tuesday, February 28th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. Derwent London Plc presently has an average rating of “Hold” and a consensus price target of GBX 2,887.36 ($37.27).
Shares of Derwent London Plc (LON:DLN) traded down 1.61% on Wednesday, reaching GBX 2813.00. The company had a trading volume of 251,214 shares. Derwent London Plc has a 1-year low of GBX 2,230.00 and a 1-year high of GBX 3,507.80. The firm’s market capitalization is GBX 3.13 billion. The firm has a 50-day moving average price of GBX 2,904.31 and a 200 day moving average price of GBX 2,671.16.
The business also recently disclosed a dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 4th will be issued a GBX 90.50 ($1.17) dividend. This is an increase from Derwent London Plc’s previous dividend of $13.86. This represents a dividend yield of 3.21%. The ex-dividend date of this dividend is Thursday, May 4th.
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In related news, insider Paul M. Williams sold 2,829 shares of the company’s stock in a transaction dated Tuesday, March 28th. The shares were sold at an average price of GBX 2,673 ($34.50), for a total value of £75,619.17 ($97,610.91).
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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