Derwent London (DLN) Earns “Hold” Rating from Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Derwent London (LON:DLN) in a report issued on Thursday.

Several other brokerages have also issued reports on DLN. Liberum Capital increased their price target on shares of Derwent London from GBX 2,650 ($37.20) to GBX 3,050 ($42.81) and gave the stock a hold rating in a research note on Monday, January 8th. Goldman Sachs reduced their price objective on shares of Derwent London from GBX 3,050 ($42.81) to GBX 3,025 ($42.46) and set a neutral rating for the company in a research note on Wednesday, March 14th. Canaccord Genuity raised their price objective on shares of Derwent London from GBX 2,830 ($39.72) to GBX 3,010 ($42.25) and gave the company a hold rating in a research note on Friday, December 22nd. JPMorgan Chase restated a neutral rating and set a GBX 3,300 ($46.32) price objective on shares of Derwent London in a research note on Tuesday, March 13th. Finally, Deutsche Bank raised their price objective on shares of Derwent London from GBX 2,900 ($40.71) to GBX 3,000 ($42.11) and gave the company a hold rating in a research note on Wednesday, March 14th. Three analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of GBX 3,032.54 ($42.57).

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Shares of Derwent London stock opened at GBX 3,129 ($43.92) on Thursday. Derwent London has a 1 year low of GBX 2,574 ($36.13) and a 1 year high of GBX 3,133 ($43.98).

The company also recently disclosed a dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 3rd will be paid a dividend of GBX 117.40 ($1.65) per share. This is a positive change from Derwent London’s previous dividend of $17.33. This represents a yield of 4.05%. The ex-dividend date of this dividend is Thursday, May 3rd.

In other news, insider Simon P. Silver sold 3,658 shares of the firm’s stock in a transaction dated Tuesday, April 3rd. The shares were sold at an average price of GBX 3,078 ($43.21), for a total transaction of £112,593.24 ($158,047.78). Also, insider David Silverman sold 337 shares of the firm’s stock in a transaction dated Friday, March 23rd. The shares were sold at an average price of GBX 3,027 ($42.49), for a total transaction of £10,200.99 ($14,319.19).

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About Derwent London

Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, making it the largest London-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

Analyst Recommendations for Derwent London (LON:DLN)

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