Derwent London Plc (DLN) Earns “Neutral” Rating from J P Morgan Chase & Co
J P Morgan Chase & Co reissued their neutral rating on shares of Derwent London Plc (LON:DLN) in a research report released on Friday. They currently have a GBX 3,200 ($42.09) price target on the real estate investment trust’s stock.
DLN has been the subject of a number of other reports. Numis Securities Ltd reiterated a buy rating and set a GBX 3,457 ($45.47) price target on shares of Derwent London Plc in a research report on Friday, August 11th. Liberum Capital reiterated a hold rating and set a GBX 2,650 ($34.85) price target on shares of Derwent London Plc in a research report on Monday, September 11th. Deutsche Bank AG upgraded shares of Derwent London Plc to a hold rating and lifted their price target for the company from GBX 2,000 ($26.31) to GBX 2,750 ($36.17) in a research report on Monday, September 11th. HSBC Holdings plc lifted their price target on shares of Derwent London Plc from GBX 2,817 ($37.05) to GBX 3,053 ($40.16) and gave the company a hold rating in a research report on Thursday, August 17th. Finally, Peel Hunt reiterated a hold rating and set a GBX 2,900 ($38.14) price target on shares of Derwent London Plc in a research report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of GBX 2,961.82 ($38.96).
Shares of Derwent London Plc (LON DLN) traded down GBX 44 ($0.58) on Friday, reaching GBX 2,625 ($34.53). The company’s stock had a trading volume of 213,967 shares, compared to its average volume of 230,329. Derwent London Plc has a 12 month low of GBX 2,341 ($30.79) and a 12 month high of GBX 3,021 ($39.73).
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In related news, insider Simon P. Silver sold 35,000 shares of Derwent London Plc stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of GBX 2,739 ($36.03), for a total transaction of £958,650 ($1,260,883.86).
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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