Deutsche Bank Reaffirms Buy Rating for Derwent London (LON:DLN)

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Derwent London (LON:DLN)‘s stock had its “buy” rating reissued by stock analysts at Deutsche Bank in a research report issued on Friday, ThisIsMoney.Co.Uk reports.

A number of other analysts have also issued reports on the company. UBS Group set a $125.00 target price on Caterpillar and gave the stock a “sell” rating in a research report on Friday, May 3rd. Liberum Capital reaffirmed a “hold” rating on shares of Barratt Developments in a research report on Thursday, May 9th. Numis Securities reaffirmed a “buy” rating and set a GBX 1,800 ($23.52) target price on shares of in a research report on Monday, June 3rd. Royal Bank of Canada lifted their target price on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the stock an “outperform” rating in a research report on Monday, June 24th. Finally, Morgan Stanley lifted their target price on TELUS from C$53.00 to C$55.00 in a research report on Thursday, March 14th. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 3,219 ($42.06).

Shares of LON DLN opened at GBX 3,108 ($40.61) on Friday. Derwent London has a 1 year low of GBX 2,745 ($35.87) and a 1 year high of GBX 3,352 ($43.80). The stock has a market capitalization of $3.47 billion and a price-to-earnings ratio of 15.63. The company has a debt-to-equity ratio of 22.96, a quick ratio of 0.23 and a current ratio of 0.46. The stock’s 50-day simple moving average is GBX 3,173.56.

In related news, insider Simon P. Silver sold 25,000 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of GBX 3,138 ($41.00), for a total value of £784,500 ($1,025,088.20).

Derwent London Company Profile

Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, 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.

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Analyst Recommendations for Derwent London (LON:DLN)

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