Derwent London Plc (LON:DLN) Given Consensus Rating of “Hold” by Brokerages

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Derwent London Plc (LON:DLN) has been given an average recommendation of “Hold” by the fifteen ratings firms that are presently covering the stock, MarketBeat.com reports. Five research analysts have rated the stock with a sell rating, eight have issued a hold rating and two have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is GBX 3,068 ($40.09).

A number of equities research analysts recently issued reports on DLN shares. Peel Hunt reiterated a “hold” rating and set a GBX 3,100 ($40.51) target price on shares of Derwent London in a research report on Thursday, November 7th. Berenberg Bank increased their target price on shares of Derwent London from GBX 2,650 ($34.63) to GBX 2,800 ($36.59) and gave the stock a “sell” rating in a research report on Wednesday, October 9th. Liberum Capital reiterated a “hold” rating on shares of Derwent London in a research report on Thursday, November 7th. Morgan Stanley reiterated an “underweight” rating on shares of Derwent London in a research report on Monday, September 2nd. Finally, UBS Group reiterated a “buy” rating on shares of Derwent London in a research report on Tuesday, November 5th.

Shares of Derwent London stock opened at GBX 3,568 ($46.62) on Friday. The stock has a market capitalization of $3.98 billion and a P/E ratio of 18.12. The company has a quick ratio of 0.57, a current ratio of 1.13 and a debt-to-equity ratio of 23.91. The company has a 50-day simple moving average of GBX 3,473.04 and a 200 day simple moving average of GBX 3,225.96. Derwent London has a 12-month low of GBX 2,775 ($36.26) and a 12-month high of GBX 3,694 ($48.27).

In other Derwent London news, insider John David Burns sold 90,183 shares of the firm’s stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 3,335 ($43.58), for a total value of £3,007,603.05 ($3,929,966.09). Also, insider Simon P. Silver sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of GBX 3,494 ($45.66), for a total transaction of £349,400 ($456,552.99).

About Derwent London

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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