Derwent London (DLN) Sets New 52-Week High at $3,297.00
Derwent London Plc (LON:DLN) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,297 ($43.08) and last traded at GBX 3,266 ($42.68), with a volume of 193993 shares traded. The stock had previously closed at GBX 3,250 ($42.47).
Several equities research analysts have issued reports on the stock. Liberum Capital reiterated a “hold” rating on shares of Derwent London in a research note on Friday. Goldman Sachs Group decreased their target price on shares of Derwent London from GBX 2,976 ($38.89) to GBX 2,960 ($38.68) and set a “neutral” rating for the company in a research note on Friday, January 25th. Citigroup downgraded shares of Derwent London to a “sell” rating and decreased their target price for the company from GBX 3,186 ($41.63) to GBX 2,513 ($32.84) in a research note on Friday, January 25th. HSBC upgraded shares of Derwent London to a “hold” rating in a research note on Thursday, January 24th. Finally, Barclays downgraded shares of Derwent London to an “equal weight” rating and decreased their target price for the company from GBX 3,100 ($40.51) to GBX 2,900 ($37.89) in a research note on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of GBX 3,106.50 ($40.59).
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Derwent London Company Profile (LON:DLN)
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.
See Also: Hedge Funds
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