Derwent London Plc (LON:DLN)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a report issued on Friday. They presently have a GBX 3,457 ($45.02) price target on the real estate investment trust’s stock. Numis Securities Ltd’s price objective indicates a potential upside of 24.58% from the company’s previous close.
DLN has been the topic of several other research reports. Liberum Capital upped their price target on shares of Derwent London Plc from GBX 2,575 ($33.53) to GBX 2,650 ($34.51) and gave the stock a “hold” rating in a report on Tuesday, August 1st. Barclays PLC reaffirmed a “top pick” rating and issued a GBX 3,600 ($46.88) price target (up previously from GBX 3,500 ($45.58)) on shares of Derwent London Plc in a report on Wednesday, May 3rd. Peel Hunt reiterated a “hold” rating and issued a GBX 2,900 ($37.77) target price on shares of Derwent London Plc in a research report on Thursday. Goldman Sachs Group, Inc. (The) upped their target price on shares of Derwent London Plc from GBX 3,250 ($42.32) to GBX 3,266 ($42.53) and gave the stock a “neutral” rating in a research report on Friday, May 12th. Finally, Jefferies Group LLC upped their target price on shares of Derwent London Plc from GBX 2,257 ($29.39) to GBX 2,500 ($32.56) and gave the stock an “underperform” rating in a research report on Wednesday, April 26th. Four research analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. Derwent London Plc has a consensus rating of “Hold” and an average target price of GBX 2,901.54 ($37.79).
Shares of Derwent London Plc (DLN) opened at 2775.00 on Friday. The firm has a 50 day moving average price of GBX 2,745.54 and a 200-day moving average price of GBX 2,755.74. The firm’s market cap is GBX 3.09 billion. Derwent London Plc has a one year low of GBX 2,341.00 and a one year high of GBX 3,021.00.
In other Derwent London Plc news, insider David Silverman sold 3,313 shares of the company’s stock in a transaction dated Thursday, June 1st. The shares were sold at an average price of GBX 2,773 ($36.11), for a total transaction of £91,869.49 ($119,637.31).
About Derwent London Plc
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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