Derwent London (LON:DLN)‘s stock had its “hold” rating restated by investment analysts at Peel Hunt in a research report issued on Thursday.
DLN has been the subject of several other reports. UBS Group reaffirmed a “buy” rating and set a GBX 3,600 ($47.04) target price (up from GBX 3,500 ($45.73)) on shares of Derwent London in a research report on Friday, July 20th. Liberum Capital reaffirmed a “hold” rating and set a GBX 3,100 ($40.51) target price on shares of Derwent London in a research report on Thursday. Numis Securities lowered their target price on Derwent London from GBX 3,786 ($49.47) to GBX 3,745 ($48.94) and set a “buy” rating for the company in a research report on Friday, August 10th. Finally, BNP Paribas raised Derwent London to a “neutral” rating and raised their target price for the stock from GBX 3,170 ($41.42) to GBX 3,230 ($42.21) in a research report on Tuesday, September 11th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and four have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 3,099.23 ($40.50).
Shares of LON:DLN opened at GBX 3,109 ($40.62) on Thursday. Derwent London has a 12-month low of GBX 2,574 ($33.63) and a 12-month high of GBX 3,133 ($40.94).
In other Derwent London news, insider Robert Rayne sold 10,000 shares of the stock in a transaction dated Friday, August 24th. The stock was sold at an average price of GBX 3,045 ($39.79), for a total transaction of £304,500 ($397,883.18).
Derwent London Company Profile
Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, 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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