Derwent London (DLN) PT Raised to GBX 3,200 at BNP Paribas

Derwent London (LON:DLN) had its target price raised by BNP Paribas from GBX 2,600 ($36.50) to GBX 3,200 ($44.92) in a report issued on Thursday. The brokerage currently has an underperform rating on the real estate investment trust’s stock.

DLN has been the topic of a number of other reports. Barclays reissued an overweight rating and set a GBX 2,900 ($40.71) price target on shares of Derwent London in a report on Thursday, February 22nd. 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 report on Wednesday, March 14th. Credit Suisse Group upgraded shares of Derwent London to an outperform rating and upped their price objective for the stock from GBX 2,800 ($39.30) to GBX 3,410 ($47.87) in a research report on Wednesday, December 6th. Canaccord Genuity upped their price objective on shares of Derwent London from GBX 2,830 ($39.72) to GBX 3,010 ($42.25) and gave the stock a hold rating in a research report on Friday, December 22nd. Finally, Jefferies Group restated an underperform rating and set a GBX 2,450 ($34.39) price objective on shares of Derwent London in a research report on Thursday, January 18th. Three equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of Hold and an average price target of GBX 3,032.54 ($42.57).

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Shares of LON DLN opened at GBX 3,168 ($44.47) 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 business also recently disclosed a dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 3rd will be given a dividend of GBX 117.40 ($1.65) per share. The ex-dividend date of this dividend is Thursday, May 3rd. This is a boost from Derwent London’s previous dividend of $17.33. This represents a yield of 4.05%.

In other news, insider David Silverman sold 337 shares of the 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 value of £10,200.99 ($14,319.19). Also, insider Simon P. Silver sold 3,658 shares of the 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).

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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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