Liberum Capital reissued their hold rating on shares of Derwent London Plc (LON:DLN) in a research note issued to investors on Monday morning. Liberum Capital currently has a GBX 2,575 ($33.35) price objective on the real estate investment trust’s stock.
Several other brokerages have also commented on DLN. Goldman Sachs Group, Inc. (The) lowered Derwent London Plc to a neutral rating and set a GBX 3,250 ($42.10) price target on the stock. in a research note on Wednesday, April 19th. Jefferies Group LLC boosted their price target on Derwent London Plc from GBX 2,257 ($29.24) to GBX 2,500 ($32.38) and gave the stock an underperform rating in a research note on Wednesday, April 26th. Barclays PLC reissued a top pick rating and set a GBX 3,600 ($46.63) price target (up previously from GBX 3,500 ($45.34)) on shares of Derwent London Plc in a research note on Wednesday, May 3rd. Numis Securities Ltd reissued a buy rating and set a GBX 3,420 ($44.30) price target on shares of Derwent London Plc in a research note on Thursday, May 11th. Finally, J P Morgan Chase & Co reissued a neutral rating and set a GBX 3,200 ($41.45) price target on shares of Derwent London Plc in a research note on Wednesday, May 31st. Four analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of Hold and an average price target of GBX 2,863.69 ($37.09).
Derwent London Plc (DLN) traded up 0.65% during trading on Monday, hitting GBX 2652.00. The stock had a trading volume of 120,880 shares. The firm’s market cap is GBX 2.95 billion. The stock’s 50 day moving average price is GBX 2,777.74 and its 200 day moving average price is GBX 2,740.05. Derwent London Plc has a 12-month low of GBX 2,241.04 and a 12-month high of GBX 3,021.00.
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In related news, insider David Silverman sold 3,313 shares of the company’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of GBX 2,773 ($35.92), for a total value of £91,869.49 ($119,001.93).
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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