Derwent London Plc (DLN) Given “Neutral” Rating at J P Morgan Chase & Co
J P Morgan Chase & Co reiterated their neutral rating on shares of Derwent London Plc (LON:DLN) in a research report released on Wednesday. They currently have a GBX 3,200 ($41.54) price target on the real estate investment trust’s stock.
DLN has been the subject of several other reports. Liberum Capital upped their target price on Derwent London Plc from GBX 2,575 ($33.43) to GBX 2,650 ($34.40) and gave the stock a hold rating in a report on Tuesday, August 1st. HSBC Holdings plc upped their target price on Derwent London Plc from GBX 2,817 ($36.57) to GBX 3,053 ($39.63) and gave the stock a hold rating in a report on Thursday, August 17th. Barclays PLC reiterated a top pick rating and issued a GBX 3,600 ($46.74) target price (up from GBX 3,500 ($45.44)) on shares of Derwent London Plc in a report on Wednesday, May 3rd. Peel Hunt reiterated a hold rating and issued a GBX 2,900 ($37.65) target price on shares of Derwent London Plc in a report on Thursday, August 10th. Finally, Goldman Sachs Group, Inc. (The) upped their target price on Derwent London Plc from GBX 3,250 ($42.19) to GBX 3,266 ($42.40) and gave the stock a neutral rating in a report on Friday, May 12th. Four equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and an average price target of GBX 2,914.31 ($37.83).
Shares of Derwent London Plc (LON:DLN) opened at 2718.00 on Wednesday. The company has a 50-day moving average of GBX 2,781.86 and a 200 day moving average of GBX 2,779.43. The firm’s market cap is GBX 3.03 billion. Derwent London Plc has a 52-week low of GBX 2,341.00 and a 52-week high of GBX 3,021.00.
The business also recently declared a dividend, which will be paid on Friday, October 20th. Stockholders of record on Thursday, September 14th will be given a GBX 17.33 ($0.22) dividend. This represents a dividend yield of 0.6%. The ex-dividend date is Thursday, September 14th.
In other news, insider David Silverman sold 3,313 shares of the business’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of GBX 2,773 ($36.00), for a total value of £91,869.49 ($119,264.56).
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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