Derwent London Plc (DLN) Rating Reiterated by Deutsche Bank AG
Derwent London Plc (LON:DLN)‘s stock had its “hold” rating restated by analysts at Deutsche Bank AG in a note issued to investors on Monday. They presently have a GBX 2,000 ($26.11) target price on the real estate investment trust’s stock. Deutsche Bank AG’s price target would indicate a potential downside of 22.96% from the stock’s previous close.
Several other brokerages have also issued reports on DLN. BNP Paribas reaffirmed a “neutral” rating and issued a GBX 3,430 ($44.77) target price on shares of Derwent London Plc in a research note on Wednesday, June 1st. Credit Suisse Group AG upped their target price on Derwent London Plc from GBX 3,010 ($39.29) to GBX 3,195 ($41.70) and gave the stock an “underperform” rating in a research note on Friday, June 17th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 3,850 ($50.25) target price on shares of Derwent London Plc in a research note on Thursday, August 11th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 2,900 ($37.85) target price on shares of Derwent London Plc in a research note on Thursday, August 11th. Finally, Liberum Capital reaffirmed a “hold” rating and issued a GBX 2,500 ($32.63) target price on shares of Derwent London Plc in a research note on Friday, September 9th. Three investment analysts have rated the stock with a sell rating, twelve have given a hold rating and four have assigned a buy rating to the company’s stock. Derwent London Plc presently has an average rating of “Hold” and a consensus target price of GBX 3,010.47 ($39.30).
Shares of Derwent London Plc (LON:DLN) opened at 2596.00 on Monday. The stock has a 50 day moving average of GBX 2,721.97 and a 200 day moving average of GBX 2,988.50. The company’s market cap is GBX 2.89 billion. Derwent London Plc has a 1-year low of GBX 2,230.00 and a 1-year high of GBX 3,891.00.
The business also recently declared a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 15th will be issued a dividend of GBX 13.86 ($0.18) per share. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 0.51%.
In other news, insider Williams,Paul M. bought 2,013 shares of the company’s stock in a transaction on Wednesday, June 29th. The shares were acquired at an average cost of GBX 2,484 ($32.42) per share, with a total value of £50,002.92 ($65,269.44). Also, insider Fraser,Simon bought 2,000 shares of the company’s stock in a transaction on Friday, June 24th. The stock was purchased at an average cost of GBX 2,818 ($36.78) per share, for a total transaction of £56,360 ($73,567.42).
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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