Derwent London Plc (LON:DLN) insider Robert Rayne sold 15,000 shares of the firm’s stock in a transaction on Friday, December 29th. The shares were sold at an average price of GBX 3,100 ($41.45), for a total transaction of £465,000 ($621,740.87).

Robert Rayne also recently made the following trade(s):

  • On Monday, December 18th, Robert Rayne sold 10,000 shares of Derwent London stock. The shares were sold at an average price of GBX 3,072 ($41.08), for a total transaction of £307,200 ($410,750.10).

Derwent London Plc (LON:DLN) opened at GBX 3,021 ($40.39) on Friday. Derwent London Plc has a 52 week low of GBX 2,428 ($32.46) and a 52 week high of GBX 3,133 ($41.89). The firm has a market cap of $3,370.00 and a price-to-earnings ratio of 3,180.00.

DLN has been the subject of several analyst reports. Deutsche Bank raised shares of Derwent London to a “hold” rating and raised their price target for the company from GBX 2,000 ($26.74) to GBX 2,750 ($36.77) in a research note on Monday, September 11th. Liberum Capital reaffirmed a “hold” rating and set a GBX 2,650 ($35.43) price target on shares of Derwent London in a research note on Monday, September 11th. Numis Securities reaffirmed a “buy” rating and set a GBX 3,457 ($46.22) price target on shares of Derwent London in a research note on Monday, September 11th. Barclays reaffirmed an “overweight” rating and set a GBX 3,600 ($48.13) price target on shares of Derwent London in a research note on Monday, September 25th. Finally, Goldman Sachs Group reaffirmed a “neutral” rating and set a GBX 3,010 ($40.25) price target on shares of Derwent London in a research note on Wednesday, September 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 3,026.67 ($40.47).

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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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