Derwent London Plc (LON:DLN)‘s stock had its “buy” rating reaffirmed by research analysts at Numis Securities Ltd in a research note issued on Monday, September 11th. They presently have a GBX 3,457 ($46.61) price target on the real estate investment trust’s stock. Numis Securities Ltd’s price objective points to a potential upside of 27.24% from the company’s current price.
Other research analysts have also issued reports about the stock. Liberum Capital reissued a “hold” rating and set a GBX 2,650 ($35.73) price target on shares of Derwent London Plc in a research report on Thursday, August 10th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 3,200 ($43.14) price target on shares of Derwent London Plc in a research report on Wednesday, August 23rd. HSBC Holdings plc raised their price target on shares of Derwent London Plc from GBX 2,817 ($37.98) to GBX 3,053 ($41.16) and gave the company a “hold” rating in a research report on Thursday, August 17th. Deutsche Bank AG raised shares of Derwent London Plc to a “hold” rating and raised their price target for the company from GBX 2,000 ($26.97) to GBX 2,750 ($37.08) in a research report on Monday, September 11th. Finally, Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($39.10) price target on shares of Derwent London Plc in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Derwent London Plc presently has a consensus rating of “Hold” and a consensus target price of GBX 2,985.09 ($40.25).
Derwent London Plc (DLN) opened at 2717.00 on Monday. Derwent London Plc has a 12-month low of GBX 2,341.00 and a 12-month high of GBX 3,021.00. The company’s market capitalization is GBX 3.03 billion. The stock’s 50 day moving average price is GBX 2,795.70 and its 200 day moving average price is GBX 2,793.80.
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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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