Derwent London Plc (DLN) Earns Hold Rating from Liberum Capital
Liberum Capital reiterated their hold rating on shares of Derwent London Plc (LON:DLN) in a report issued on Monday morning. They currently have a GBX 2,650 ($34.22) price objective on the real estate investment trust’s stock.
Other research analysts have also recently issued reports about the company. Numis Securities Ltd restated a buy rating and issued a GBX 3,457 ($44.65) price objective on shares of Derwent London Plc in a research note on Friday, August 11th. HSBC Holdings plc raised their price objective on Derwent London Plc from GBX 2,817 ($36.38) to GBX 3,053 ($39.43) and gave the stock a hold rating in a research note on Thursday, August 17th. Peel Hunt reiterated a hold rating and set a GBX 2,900 ($37.45) price target on shares of Derwent London Plc in a research report on Thursday, August 10th. Deutsche Bank AG upgraded Derwent London Plc to a hold rating and lifted their price target for the company from GBX 2,000 ($25.83) to GBX 2,750 ($35.52) in a research report on Monday. Finally, J P Morgan Chase & Co reiterated a neutral rating and set a GBX 3,200 ($41.33) price target on shares of Derwent London Plc in a research report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Derwent London Plc has an average rating of Hold and a consensus price target of GBX 3,003 ($38.78).
Derwent London Plc (LON DLN) opened at 2757.00 on Monday. The company’s 50 day moving average price is GBX 2,799.84 and its 200-day moving average price is GBX 2,794.41. Derwent London Plc has a 52 week low of GBX 2,341.00 and a 52 week high of GBX 3,021.00. The company’s market capitalization is GBX 3.07 billion.
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The firm also recently disclosed a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 14th will be issued a GBX 17.33 ($0.22) dividend. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, September 14th.
Derwent London Plc Company Profile
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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