Deutsche Bank Boosts Derwent London (DLN) Price Target to GBX 2,900
Derwent London (LON:DLN) had its price objective increased by research analysts at Deutsche Bank from GBX 2,750 ($37.99) to GBX 2,900 ($40.07) in a research report issued to clients and investors on Monday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s target price would suggest a potential upside of 0.31% from the stock’s previous close.
Several other equities research analysts have also recently commented on DLN. Credit Suisse Group reissued an “outperform” rating and set a GBX 3,410 ($47.11) target price on shares of Derwent London in a report on Friday, February 9th. Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($40.07) target price on shares of Derwent London in a report on Thursday, November 9th. Numis Securities reissued a “buy” rating and set a GBX 3,605 ($49.81) target price on shares of Derwent London in a report on Thursday, February 1st. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 3,200 ($44.21) target price on shares of Derwent London in a report on Friday, November 10th. Finally, Jefferies Group reissued an “underperform” rating and set a GBX 2,450 ($33.85) target price on shares of Derwent London in a report on Thursday, January 18th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 3,117.09 ($43.07).
Shares of Derwent London (LON DLN) opened at GBX 2,891 ($39.94) on Monday. Derwent London has a twelve month low of GBX 2,574 ($35.56) and a twelve month high of GBX 3,133 ($43.29). The company has a market capitalization of $3,220.00 and a P/E ratio of 3,043.16.
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About Derwent London
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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