Derwent London Plc (LON:DLN) insider Simon P. Silver sold 35,000 shares of the company’s stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of GBX 2,739 ($36.01), for a total value of £958,650 ($1,260,386.54).
Shares of Derwent London Plc (DLN) opened at 2765.00 on Wednesday. Derwent London Plc has a 1-year low of GBX 2,341.00 and a 1-year high of GBX 3,021.00. The stock’s market capitalization is GBX 3.08 billion. The firm has a 50-day moving average price of GBX 2,762.16 and a 200-day moving average price of GBX 2,797.80.
The firm also recently declared a dividend, which will be paid on Friday, October 20th. Shareholders of record on Thursday, September 14th will be issued a dividend of GBX 17.33 ($0.23) per share. This represents a yield of 0.6%. The ex-dividend date of this dividend is Thursday, September 14th.
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DLN has been the topic of several research analyst reports. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 3,457 ($45.45) price objective on shares of Derwent London Plc in a research report on Monday, September 11th. HSBC Holdings plc upped their target price on Derwent London Plc from GBX 2,817 ($37.04) to GBX 3,053 ($40.14) and gave the stock a “hold” rating in a report on Thursday, August 17th. Peel Hunt reiterated a “hold” rating and issued a GBX 2,900 ($38.13) target price on shares of Derwent London Plc in a report on Thursday, August 10th. Liberum Capital reiterated a “hold” rating and issued a GBX 2,650 ($34.84) target price on shares of Derwent London Plc in a report on Thursday, August 10th. Finally, Deutsche Bank AG upgraded Derwent London Plc to a “hold” rating and upped their target price for the stock from GBX 2,000 ($26.30) to GBX 2,750 ($36.16) in a report on Monday, September 11th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have assigned a buy rating to the company. Derwent London Plc currently has an average rating of “Hold” and a consensus target price of GBX 2,961.82 ($38.94).
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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