Derwent London Plc (DLN) Receives “Hold” Rating from Peel Hunt
Peel Hunt reiterated their hold rating on shares of Derwent London Plc (LON:DLN) in a report released on Thursday morning. They currently have a GBX 2,900 ($38.14) price objective on the real estate investment trust’s stock.
Several other equities analysts have also recently issued reports on the company. Deutsche Bank AG raised Derwent London Plc to a hold rating and boosted their price objective for the company from GBX 2,000 ($26.31) to GBX 2,750 ($36.17) in a report on Monday, September 11th. Numis Securities Ltd reaffirmed a buy rating and issued a GBX 3,457 ($45.47) price target on shares of Derwent London Plc in a report on Monday, September 11th. Liberum Capital upped their price target on Derwent London Plc from GBX 2,575 ($33.87) to GBX 2,650 ($34.85) and gave the stock a hold rating in a report on Tuesday, August 1st. HSBC Holdings plc upped their price target on Derwent London Plc from GBX 2,817 ($37.05) to GBX 3,053 ($40.16) and gave the stock a hold rating in a report on Thursday, August 17th. Finally, Barclays PLC reaffirmed an overweight rating and issued a GBX 3,600 ($47.35) price target on shares of Derwent London Plc in a report on Monday, September 25th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of GBX 2,961.82 ($38.96).
Shares of Derwent London Plc (DLN) traded down GBX 44 ($0.58) during mid-day trading on Thursday, hitting GBX 2,625 ($34.53). The stock had a trading volume of 213,967 shares, compared to its average volume of 230,329. Derwent London Plc has a fifty-two week low of GBX 2,341 ($30.79) and a fifty-two week high of GBX 3,021 ($39.73).
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In other Derwent London Plc news, insider Simon P. Silver sold 35,000 shares of the stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of GBX 2,739 ($36.03), for a total transaction of £958,650 ($1,260,883.86).
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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