Deutsche Bank AG restated their sell rating on shares of Derwent London Plc (LON:DLN) in a research note issued to investors on Tuesday. They currently have a GBX 2,000 ($26.11) price objective on the real estate investment trust’s stock.
Several other equities analysts have also recently weighed in on the stock. BNP Paribas reaffirmed an underperform rating and set a GBX 2,520 ($32.89) price target on shares of Derwent London Plc in a research note on Monday. HSBC increased their price objective on Derwent London Plc from GBX 2,525 ($32.96) to GBX 2,887 ($37.68) and gave the stock a hold rating in a research report on Friday, September 30th. Liberum Capital reiterated a hold rating and set a GBX 2,500 ($32.63) price objective on shares of Derwent London Plc in a research report on Friday, September 9th. JPMorgan Chase & Co. cut Derwent London Plc to a neutral rating and lowered their price objective for the stock from GBX 4,150 ($54.17) to GBX 3,200 ($41.77) in a research report on Tuesday, September 6th. Finally, Morgan Stanley increased their price objective on Derwent London Plc from GBX 2,400 ($31.33) to GBX 2,600 ($33.94) and gave the stock an underweight rating in a research report on Wednesday, August 31st. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have issued a buy rating to the stock. The stock currently has a consensus rating of Hold and an average target price of GBX 3,002.41 ($39.19).
Derwent London Plc (LON:DLN) opened at 2505.00 on Tuesday. The company’s 50-day moving average is GBX 2,670.75 and its 200-day moving average is GBX 2,959.45. The company’s market cap is GBX 2.79 billion. Derwent London Plc has a 12 month low of GBX 2,230.00 and a 12 month high of GBX 3,891.00.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be given a GBX 13.86 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 0.51%.
Derwent London Plc Company Profile
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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