Derwent London (DLN) Hits New 52-Week High at $3,099.00
Derwent London Plc (LON:DLN) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 3,099 ($41.44) and last traded at GBX 3,092 ($41.34), with a volume of 93265 shares traded. The stock had previously closed at GBX 3,092 ($41.34).
DLN has been the subject of several research analyst reports. Numis Securities restated a “buy” rating and set a GBX 3,457 ($46.22) price target on shares of Derwent London in a research report on Monday, September 11th. Liberum Capital reiterated a “hold” rating and issued a GBX 2,650 ($35.43) target price on shares of Derwent London in a report on Monday, September 11th. Peel Hunt reiterated a “hold” rating and issued a GBX 2,900 ($38.78) target price on shares of Derwent London in a report on Thursday, November 9th. Barclays reiterated an “overweight” rating and issued a GBX 3,600 ($48.13) target price on shares of Derwent London in a report on Monday, September 25th. Finally, Credit Suisse Group upgraded Derwent London to an “outperform” rating and lifted their target price for the company from GBX 2,800 ($37.44) to GBX 3,410 ($45.59) in a report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of GBX 3,026.67 ($40.47).
The company has a market capitalization of $3,420.00 and a PE ratio of 3,254.74.
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Derwent London 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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