Derwent London (LON:DLN) had its target price hoisted by Goldman Sachs Group from GBX 3,163 ($41.33) to GBX 3,269 ($42.72) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports. Goldman Sachs Group currently has a neutral rating on the real estate investment trust’s stock.

DLN has been the subject of several other research reports. Berenberg Bank increased their price target on Derwent London from GBX 2,650 ($34.63) to GBX 2,800 ($36.59) and gave the company a sell rating in a report on Wednesday, October 9th. Deutsche Bank reaffirmed a buy rating on shares of Derwent London in a report on Friday, August 9th. Barclays increased their price target on Derwent London from GBX 3,000 ($39.20) to GBX 3,100 ($40.51) and gave the company an underweight rating in a report on Monday, November 4th. Morgan Stanley reaffirmed an underweight rating on shares of Derwent London in a report on Monday, September 2nd. Finally, Liberum Capital reaffirmed a hold rating on shares of Derwent London in a report on Thursday, August 8th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 3,241.62 ($42.36).

LON:DLN opened at GBX 3,514 ($45.92) on Tuesday. Derwent London has a one year low of GBX 2,775 ($36.26) and a one year high of GBX 3,694 ($48.27). The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13. The stock has a market cap of $4.00 billion and a PE ratio of 17.85. The stock has a 50 day moving average price of GBX 3,438.32 and a 200 day moving average price of GBX 3,214.33.

In other Derwent London news, insider Simon P. Silver sold 10,000 shares of the firm’s stock in a transaction on Wednesday, October 16th. The stock was sold at an average price of GBX 3,494 ($45.66), for a total transaction of £349,400 ($456,552.99). Also, insider Simon P. Silver bought 1,900 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were acquired at an average cost of GBX 3,140 ($41.03) per share, with a total value of £59,660 ($77,956.36).

About Derwent London

Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, 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.

Read More: Return on Investment (ROI)

Analyst Recommendations for Derwent London (LON:DLN)

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