Liberum Capital restated their hold rating on shares of Derwent London Plc (LON:DLN) in a report published on Tuesday morning. They currently have a GBX 2,500 ($32.63) target price on the real estate investment trust’s stock.
Several other research analysts have also recently issued reports on the company. Deutsche Bank AG cut Derwent London Plc to a sell rating and dropped their price objective for the stock from GBX 3,510 ($45.82) to GBX 2,000 ($26.11) in a research note on Tuesday, September 13th. Barclays PLC dropped their price objective on Derwent London Plc from GBX 4,300 ($56.13) to GBX 3,500 ($45.69) and set an overweight rating on the stock in a research note on Thursday, July 7th. BNP Paribas cut Derwent London Plc to an underperform rating and set a GBX 2,270 ($29.63) price objective on the stock. in a research note on Friday, July 8th. 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 note on Wednesday, August 31st. Finally, Jefferies Group dropped their price objective on Derwent London Plc from GBX 2,950 ($38.51) to GBX 2,660 ($34.72) and set a hold rating on the stock in a research note on Friday, August 19th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and four have given a buy rating to the company. The stock currently has a consensus rating of Hold and an average price target of GBX 3,002.41 ($39.19).
Derwent London Plc (LON:DLN) traded down 1.80% on Tuesday, hitting GBX 2513.00. The stock had a trading volume of 244,856 shares. Derwent London Plc has a 52-week low of GBX 2,230.00 and a 52-week high of GBX 3,891.00. The company has a 50-day moving average price of GBX 2,670.75 and a 200 day moving average price of GBX 2,959.45. The firm’s market cap is GBX 2.80 billion.
The business also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 15th will be given a dividend of GBX 13.86 ($0.18) per share. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 0.51%.
About Derwent London Plc
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.
Receive News & Ratings for Derwent London Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Derwent London Plc and related companies with MarketBeat.com's FREE daily email newsletter.