Derwent Valley (OTCMKTS:DWVYF) Stock Rating Raised to “Hold” at Jefferies Financial Group

Jefferies Financial Group upgraded shares of Derwent Valley (OTCMKTS:DWVYF) from a moderate sell rating to a hold rating in a research report released on Wednesday morning,Zacks reports.

Separately, Kepler Capital Markets downgraded Derwent Valley from a “hold” rating to a “strong sell” rating in a report on Tuesday, September 22nd. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Derwent Valley presently has an average rating of “Reduce”.

Derwent Valley Stock Performance

Derwent Valley stock opened at $24.00 on Wednesday. The firm has a 50-day moving average of $26.50 and a 200-day moving average of $24.74. Derwent Valley has a 1-year low of $21.32 and a 1-year high of $28.00.

About Derwent Valley

Derwent Valley Holdings Limited is an Australian property development and investment company. Its activities have included the acquisition, development, ownership and management of commercial, retail, industrial and residential real estate.

The company has historically operated in Australia, with a portfolio and development activities focused primarily on the Tasmanian and New South Wales property markets. Its projects have included office, retail, industrial and residential assets, generating value through property development and long-term investment.

Derwent Valley Holdings was established in Australia and has operated as a listed property company.