Derwent London (DLN) Receives Hold Rating from Peel Hunt
Derwent London (LON:DLN)‘s stock had its “hold” rating reiterated by investment analysts at Peel Hunt in a note issued to investors on Thursday.
A number of other research firms also recently issued reports on DLN. Liberum Capital reiterated a “hold” rating on shares of Derwent London in a research note on Friday, July 20th. BNP Paribas upgraded Derwent London to a “neutral” rating and lifted their price target for the company from GBX 3,170 ($41.42) to GBX 3,230 ($42.21) in a research note on Tuesday, September 11th. Numis Securities cut their price target on Derwent London from GBX 3,786 ($49.47) to GBX 3,745 ($48.94) and set a “buy” rating for the company in a research note on Friday, August 10th. Finally, UBS Group reiterated a “buy” rating and set a GBX 3,600 ($47.04) price target (up previously from GBX 3,500 ($45.73)) on shares of Derwent London in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of GBX 3,099.23 ($40.50).
DLN stock opened at GBX 3,109 ($40.62) on Thursday. Derwent London has a 52-week low of GBX 2,574 ($33.63) and a 52-week high of GBX 3,133 ($40.94).
In other Derwent London news, insider Robert Rayne sold 10,000 shares of Derwent London stock in a transaction that occurred on Friday, August 24th. The shares were sold at an average price of GBX 3,045 ($39.79), for a total transaction of £304,500 ($397,883.18).
Derwent London Company Profile
Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, making it the largest London-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.
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