Derwent London Plc (LON:DLN) had its price target lifted by Goldman Sachs Group Inc from GBX 3,250 ($42.28) to GBX 3,266 ($42.49) in a research report released on Friday, May 12th. The brokerage currently has a neutral rating on the real estate investment trust’s stock.
Several other research analysts have also recently weighed in on the stock. Jefferies Group LLC upped their price objective on shares of Derwent London Plc from GBX 2,257 ($29.36) to GBX 2,500 ($32.52) and gave the stock an underperform rating in a research report on Wednesday, April 26th. Peel Hunt reiterated a hold rating and set a GBX 2,900 ($37.73) price target on shares of Derwent London Plc in a research report on Tuesday, February 28th. Liberum Capital increased their price target on shares of Derwent London Plc from GBX 2,500 ($32.52) to GBX 2,575 ($33.50) and gave the company a hold rating in a research report on Friday, February 3rd. Numis Securities Ltd reiterated an add rating and set a GBX 3,141 ($40.86) price target on shares of Derwent London Plc in a research report on Tuesday, February 28th. Finally, Canaccord Genuity reduced their price target on shares of Derwent London Plc from GBX 2,610 ($33.95) to GBX 2,530 ($32.91) and set a hold rating on the stock in a research report on Friday, February 17th. Five analysts have rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the stock. Derwent London Plc has a consensus rating of Hold and a consensus target price of GBX 2,887.36 ($37.56).
Shares of Derwent London Plc (LON:DLN) traded down 0.22% during midday trading on Friday, hitting GBX 2774.00. 172,203 shares of the stock traded hands. The stock’s market capitalization is GBX 3.09 billion. Derwent London Plc has a 52 week low of GBX 2,230.00 and a 52 week high of GBX 3,507.80. The firm has a 50-day moving average price of GBX 2,906.74 and a 200-day moving average price of GBX 2,684.71.
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The business also recently announced a dividend, which will be paid on Friday, June 9th. Stockholders of record on Thursday, May 4th will be given a dividend of GBX 90.50 ($1.18) per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a dividend yield of 3.21%. This is an increase from Derwent London Plc’s previous dividend of $13.86.
In other Derwent London Plc news, insider Paul M. Williams sold 2,829 shares of the company’s stock in a transaction on Tuesday, March 28th. The stock was sold at an average price of GBX 2,673 ($34.77), for a total value of £75,619.17 ($98,372.80).
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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