Liberum Capital Reaffirms Hold Rating for Derwent London (DLN)
Liberum Capital reissued their hold rating on shares of Derwent London (LON:DLN) in a research note issued to investors on Tuesday morning. The firm currently has a GBX 3,050 ($42.14) price objective on the real estate investment trust’s stock.
DLN has been the topic of a number of other research reports. Barclays restated an overweight rating and issued a GBX 2,900 ($40.07) target price on shares of Derwent London in a research note on Thursday, February 22nd. Peel Hunt restated a hold rating and issued a GBX 2,900 ($40.07) target price on shares of Derwent London in a research note on Thursday, November 9th. Credit Suisse Group raised shares of Derwent London to an outperform rating and boosted their price objective for the company from GBX 2,800 ($38.68) to GBX 3,410 ($47.11) in a research report on Wednesday, December 6th. Canaccord Genuity boosted their price objective on shares of Derwent London from GBX 2,830 ($39.10) to GBX 3,010 ($41.59) and gave the company a hold rating in a research report on Friday, December 22nd. Finally, Jefferies Group reaffirmed an underperform rating and set a GBX 2,450 ($33.85) price objective on shares of Derwent London in a research report on Thursday, January 18th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of GBX 3,009 ($41.57).
Shares of Derwent London (LON:DLN) opened at GBX 2,900 ($40.07) on Tuesday. The stock has a market cap of $3,230.00 and a PE ratio of 1,032.03. Derwent London has a 12 month low of GBX 2,574 ($35.56) and a 12 month high of GBX 3,133 ($43.29).
In other news, insider Helen Gordon bought 858 shares of the firm’s stock in a transaction on Thursday, March 1st. The stock was purchased at an average price of GBX 2,898 ($40.04) per share, for a total transaction of £24,864.84 ($34,353.19). Also, insider Robert Rayne sold 15,000 shares of the company’s stock in a transaction dated Friday, December 29th. The stock was sold at an average price of GBX 3,100 ($42.83), for a total transaction of £465,000 ($642,442.66).
About Derwent London
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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