Derwent London Plc’s (DLN) “Hold” Rating Reiterated at Liberum Capital
Liberum Capital reaffirmed their hold rating on shares of Derwent London Plc (LON:DLN) in a report released on Thursday morning. The brokerage currently has a GBX 2,650 ($34.51) target price on the real estate investment trust’s stock.
A number of other analysts have also recently weighed in on DLN. Jefferies Group LLC boosted their target price on shares of Derwent London Plc from GBX 2,257 ($29.39) to GBX 2,500 ($32.56) and gave the stock an underperform rating in a research note on Wednesday, April 26th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 3,200 ($41.67) target price on shares of Derwent London Plc in a research note on Wednesday, May 31st. Goldman Sachs Group, Inc. (The) boosted their target price on shares of Derwent London Plc from GBX 3,250 ($42.32) to GBX 3,266 ($42.53) and gave the stock a neutral rating in a research note on Friday, May 12th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 3,420 ($44.54) target price on shares of Derwent London Plc in a research note on Thursday, May 11th. Finally, Barclays PLC reaffirmed a top pick rating and set a GBX 3,600 ($46.88) target price (up previously from GBX 3,500 ($45.58)) on shares of Derwent London Plc in a research note on Wednesday, May 3rd. Four equities research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus price target of GBX 2,901.54 ($37.79).
Derwent London Plc (LON:DLN) opened at 2775.00 on Thursday. Derwent London Plc has a 12-month low of GBX 2,341.00 and a 12-month high of GBX 3,021.00. The firm’s market cap is GBX 3.09 billion. The firm’s 50-day moving average price is GBX 2,745.54 and its 200 day moving average price is GBX 2,755.74.
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In other news, insider David Silverman sold 3,313 shares of Derwent London Plc stock in a transaction on Thursday, June 1st. The shares were sold at an average price of GBX 2,773 ($36.11), for a total transaction of £91,869.49 ($119,637.31).
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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