Derwent London Plc’s (DLN) Overweight Rating Reiterated at Barclays PLC
Barclays PLC reaffirmed their overweight rating on shares of Derwent London Plc (LON:DLN) in a report published on Monday morning. The brokerage currently has a GBX 3,600 ($48.41) price objective on the real estate investment trust’s stock.
Several other research firms have also weighed in on DLN. HSBC Holdings plc lifted their price objective on Derwent London Plc from GBX 2,817 ($37.88) to GBX 3,053 ($41.06) and gave the company a hold rating in a research note on Thursday, August 17th. Liberum Capital lifted their price objective on Derwent London Plc from GBX 2,575 ($34.63) to GBX 2,650 ($35.64) and gave the company a hold rating in a research note on Tuesday, August 1st. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 3,457 ($46.49) price objective on shares of Derwent London Plc in a research note on Friday, August 11th. Peel Hunt reaffirmed a hold rating and issued a GBX 2,900 ($39.00) price objective on shares of Derwent London Plc in a research note on Thursday, August 10th. Finally, J P Morgan Chase & Co reaffirmed a neutral rating and issued a GBX 3,200 ($43.03) price objective on shares of Derwent London Plc in a research note on Wednesday, May 31st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of GBX 2,961.82 ($39.83).
Shares of Derwent London Plc (LON:DLN) opened at 2763.00 on Monday. 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 3.08 billion. The stock’s 50 day moving average is GBX 2,795.70 and its 200 day moving average is GBX 2,793.80.
The business also recently declared a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 14th will be given a dividend of GBX 17.33 ($0.23) per share. This represents a yield of 0.6%. The ex-dividend date is Thursday, September 14th.
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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