Derwent London Plc (LON:DLN) had its price target boosted by investment analysts at Canaccord Genuity from GBX 2,530 ($31.25) to GBX 2,680 ($33.10) in a report issued on Friday. The brokerage currently has a “hold” rating on the real estate investment trust’s stock. Canaccord Genuity’s target price points to a potential downside of 1.83% from the company’s current price.

Several other equities analysts have also recently commented on the stock. Numis Securities Ltd cut shares of Derwent London Plc to an “add” rating and cut their target price for the company from GBX 3,164 ($39.08) to GBX 3,006 ($37.12) in a research note on Friday, January 13th. Barclays PLC reiterated an “overweight” rating and set a GBX 3,500 ($43.23) target price on shares of Derwent London Plc in a research note on Monday, December 5th. BNP Paribas reiterated an “underperform” rating and set a GBX 2,600 ($32.11) target price on shares of Derwent London Plc in a research note on Wednesday, November 30th. Jefferies Group LLC cut shares of Derwent London Plc to an “underperform” rating and set a GBX 2,257 ($27.87) target price for the company. in a research note on Thursday, January 19th. Finally, Liberum Capital reiterated a “hold” rating and set a GBX 2,575 ($31.80) target price on shares of Derwent London Plc in a research note on Tuesday, February 28th. Five research 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’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 2,841.79 ($35.10).

Analyst Recommendations for Derwent London Plc (LON:DLN)

Shares of Derwent London Plc (LON:DLN) opened at 2708.00 on Friday. Derwent London Plc has a 12 month low of GBX 2,230.00 and a 12 month high of GBX 3,507.80. The stock has a 50 day moving average price of GBX 2,653.00 and a 200-day moving average price of GBX 2,581.17. The company’s market capitalization is GBX 3.02 billion.

The business also recently disclosed a dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 4th will be issued a dividend of GBX 90.50 ($1.12) per share. The ex-dividend date is Thursday, May 4th. This represents a yield of 3.21%. This is a positive change from Derwent London Plc’s previous dividend of $13.86.

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About Derwent London Plc

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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