Jefferies Financial Group Upgrades Derwent Valley (OTCMKTS:DWVYF) to Hold

Derwent Valley (OTCMKTS:DWVYF) was upgraded by research analysts at Jefferies Financial Group from a “moderate sell” rating to a “hold” rating in a report issued on Wednesday, Zacks reports.

Separately, Kepler Capital Markets cut shares of Derwent Valley from a “hold” rating to a “strong sell” rating in a research note on Tuesday, September 22nd. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce”.

Derwent Valley Price Performance

OTCMKTS DWVYF opened at $24.00 on Wednesday. The company’s 50-day simple moving average is $26.50 and its 200 day simple moving average is $24.74. Derwent Valley has a twelve month low of $21.32 and a twelve month high of $28.00.

About Derwent Valley

Derwent Valley Holdings Limited is an Australian property development and investment company. Its activities have included the acquisition, development, ownership and management of commercial, retail, industrial and residential real estate.

The company has historically operated in Australia, with a portfolio and development activities focused primarily on the Tasmanian and New South Wales property markets. Its projects have included office, retail, industrial and residential assets, generating value through property development and long-term investment.

Derwent Valley Holdings was established in Australia and has operated as a listed property company.