Jefferies Group reiterated their underperform rating on shares of Derwent London (LON:DLN) in a research report released on Thursday morning. Jefferies Group currently has a GBX 2,450 ($33.22) target price on the real estate investment trust’s stock.

Several other equities research analysts have also recently commented on DLN. Canaccord Genuity lifted their price target on shares of Derwent London from GBX 2,830 ($38.38) to GBX 3,010 ($40.82) and gave the stock a hold rating in a research report on Friday, December 22nd. Liberum Capital reiterated a hold rating and set a GBX 2,650 ($35.94) price target on shares of Derwent London in a research report on Thursday, November 9th. Credit Suisse Group upgraded shares of Derwent London to an outperform rating and lifted their price target for the stock from GBX 2,800 ($37.97) to GBX 3,410 ($46.24) in a research report on Wednesday, December 6th. JPMorgan Chase & Co. reissued a neutral rating and set a GBX 3,200 ($43.40) price objective on shares of Derwent London in a research note on Friday, November 10th. Finally, Barclays reaffirmed an overweight rating and issued a GBX 3,600 ($48.82) price target on shares of Derwent London in a research note on Monday, September 25th. 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 company’s stock. The stock presently has an average rating of Hold and a consensus target price of GBX 3,064.17 ($41.55).

Derwent London (LON:DLN) traded down GBX 12 ($0.16) on Thursday, reaching GBX 2,961 ($40.15). 265,308 shares of the company’s stock traded hands, compared to its average volume of 226,084. The firm has a market cap of $3,300.00 and a PE ratio of 3,116.84. Derwent London has a 52-week low of GBX 2,428 ($32.93) and a 52-week high of GBX 3,133 ($42.49).

In related news, insider Robert Rayne sold 10,000 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of GBX 3,072 ($41.66), for a total transaction of £307,200 ($416,598.86).

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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.

Analyst Recommendations for Derwent London (LON:DLN)

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