Shares of Derwent London Plc (LON:DLN) have been given a consensus rating of “Hold” by the fifteen brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a sell recommendation, eight have issued a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is GBX 3,141.64 ($41.05).

A number of equities analysts have weighed in on the stock. Liberum Capital reaffirmed a “hold” rating on shares of Derwent London in a research note on Friday, February 8th. Peel Hunt reaffirmed a “hold” rating on shares of Derwent London in a research note on Tuesday, February 26th. Deutsche Bank reaffirmed a “hold” rating on shares of Derwent London in a research note on Tuesday, March 19th. Berenberg Bank reaffirmed a “sell” rating and set a GBX 2,650 ($34.63) price target on shares of Derwent London in a research note on Wednesday, April 3rd. Finally, UBS Group reaffirmed a “buy” rating on shares of Derwent London in a research note on Wednesday, February 27th.

LON:DLN traded up GBX 30 ($0.39) during trading hours on Friday, reaching GBX 3,176 ($41.50). 210,094 shares of the company were exchanged, compared to its average volume of 287,770. The company has a quick ratio of 0.23, a current ratio of 0.46 and a debt-to-equity ratio of 22.96. The company has a market cap of $3.54 billion and a P/E ratio of 15.97. Derwent London has a 52-week low of GBX 2,745 ($35.87) and a 52-week high of GBX 3,344 ($43.70).

The firm also recently disclosed a dividend, which will be paid on Friday, June 7th. Stockholders of record on Thursday, May 2nd will be given a GBX 46.75 ($0.61) dividend. The ex-dividend date of this dividend is Thursday, May 2nd. This represents a dividend yield of 1.42%. This is a positive change from Derwent London’s previous dividend of $19.10. Derwent London’s dividend payout ratio is presently 0.33%.

In related news, insider David Silverman sold 6,165 shares of the firm’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of GBX 3,219 ($42.06), for a total transaction of £198,451.35 ($259,311.84). Also, insider Simon P. Silver sold 25,000 shares of the firm’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of GBX 3,257 ($42.56), for a total transaction of £814,250 ($1,063,961.85).

About Derwent London

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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Analyst Recommendations for Derwent London (LON:DLN)

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