Derwent London Plc (LON:DLN) had its price target increased by Goldman Sachs Group, Inc. (The) from GBX 3,250 ($41.11) to GBX 3,266 ($41.32) in a research report released on Friday, May 12th. They currently have a neutral rating on the real estate investment trust’s stock.
DLN has been the subject of several other reports. Liberum Capital restated a hold rating and issued a GBX 2,575 ($32.57) target price on shares of Derwent London Plc in a research note on Monday, March 13th. Numis Securities Ltd restated an add rating and issued a GBX 3,141 ($39.73) target price on shares of Derwent London Plc in a research note on Tuesday, February 28th. Barclays PLC restated a top pick rating and issued a GBX 3,600 ($45.54) target price (up from GBX 3,500 ($44.28)) on shares of Derwent London Plc in a research note on Wednesday, May 3rd. Peel Hunt restated a hold rating and issued a GBX 2,900 ($36.69) target price on shares of Derwent London Plc in a research note on Tuesday, February 28th. Finally, Canaccord Genuity cut their price target on shares of Derwent London Plc from GBX 2,610 ($33.02) to GBX 2,530 ($32.01) and set a hold rating on the stock in a report on Friday, February 17th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 2,887.36 ($36.53).
Shares of Derwent London Plc (LON DLN) traded up 1.12% during trading on Friday, hitting GBX 2892.00. The stock had a trading volume of 595,168 shares. The stock’s market cap is GBX 3.22 billion. The stock’s 50 day moving average price is GBX 2,817.97 and its 200-day moving average price is GBX 2,720.55. Derwent London Plc has a one year low of GBX 2,230.00 and a one year high of GBX 3,507.80.
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In other Derwent London Plc news, insider David Silverman sold 3,313 shares of the stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of GBX 2,773 ($35.08), for a total transaction of £91,869.49 ($116,216.94). Also, insider Paul M. Williams sold 2,829 shares of the stock in a transaction that occurred on Tuesday, March 28th. The shares were sold at an average price of GBX 2,673 ($33.81), for a total value of £75,619.17 ($95,659.92).
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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