Liberum Capital Reiterates Hold Rating for Derwent London Plc (DLN)
Derwent London Plc (LON:DLN)‘s stock had its “hold” rating reaffirmed by research analysts at Liberum Capital in a research note issued on Monday. They currently have a GBX 2,650 ($34.22) price target on the real estate investment trust’s stock. Liberum Capital’s price target points to a potential downside of 5.93% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. Numis Securities Ltd reiterated a “buy” rating and set a GBX 3,457 ($44.65) price objective on shares of Derwent London Plc in a research note on Friday, August 11th. HSBC Holdings plc boosted their price objective on shares of Derwent London Plc from GBX 2,817 ($36.38) to GBX 3,053 ($39.43) and gave the stock a “hold” rating in a research note on Thursday, August 17th. Peel Hunt reiterated a “hold” rating and set a GBX 2,900 ($37.45) price objective on shares of Derwent London Plc in a research note on Thursday, August 10th. Deutsche Bank AG upgraded shares of Derwent London Plc to a “hold” rating and boosted their price objective for the stock from GBX 2,000 ($25.83) to GBX 2,750 ($35.52) in a research note on Monday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 3,200 ($41.33) price objective on shares of Derwent London Plc in a research note on Wednesday, August 23rd. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 3,003 ($38.78).
Shares of Derwent London Plc (DLN) opened at 2781.00 on Monday. The firm’s 50-day moving average is GBX 2,799.58 and its 200-day moving average is GBX 2,794.88. 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 capitalization is GBX 3.10 billion.
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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