Derwent London Plc (LON:DLN) Given Hold Rating at Peel Hunt
Derwent London Plc (LON:DLN)‘s stock had its “hold” rating reaffirmed by Peel Hunt in a research note issued to investors on Thursday. They currently have a GBX 2,900 ($37.77) target price on the real estate investment trust’s stock. Peel Hunt’s price objective would suggest a potential upside of 3.50% from the stock’s current price.
A number of other research analysts also recently issued reports on the stock. Barclays PLC reiterated a “top pick” rating and set a GBX 3,600 ($46.88) target price (up previously from GBX 3,500 ($45.58)) on shares of Derwent London Plc in a research report on Wednesday, May 3rd. Numis Securities Ltd reiterated a “buy” rating and set a GBX 3,420 ($44.54) target price on shares of Derwent London Plc in a research report on Thursday, May 11th. Liberum Capital reiterated a “hold” rating and set a GBX 2,575 ($33.53) target price on shares of Derwent London Plc in a research report on Monday, July 3rd. Goldman Sachs Group, Inc. (The) downgraded shares of Derwent London Plc to a “neutral” rating and set a GBX 3,250 ($42.32) target price on the stock. in a research report on Wednesday, April 19th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 3,200 ($41.67) price target on shares of Derwent London Plc in a research note on Wednesday, May 31st. Four research analysts have rated the stock with a sell rating, seven have issued a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Derwent London Plc has an average rating of “Hold” and an average target price of GBX 2,893.07 ($37.68).
Shares of Derwent London Plc (DLN) opened at 2810.00 on Thursday. The stock’s 50 day moving average is GBX 2,748.12 and its 200 day moving average is GBX 2,753.38. Derwent London Plc has a 12 month low of GBX 2,341.00 and a 12 month high of GBX 3,021.00. The company’s market cap is GBX 3.13 billion.
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In related news, insider David Silverman sold 3,313 shares of the business’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of GBX 2,773 ($36.11), for a total value of £91,869.49 ($119,637.31).
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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