Derwent London Plc (LON:DLN)‘s stock had its “underperform” rating restated by research analysts at BNP Paribas in a note issued to investors on Monday. They currently have a GBX 2,520 ($32.89) target price on the real estate investment trust’s stock. BNP Paribas’ target price indicates a potential downside of 3.11% from the stock’s current price.
A number of other research firms also recently issued reports on DLN. Deutsche Bank AG downgraded Derwent London Plc to a “sell” rating and lowered their price target for the company from GBX 3,510 ($45.82) to GBX 2,000 ($26.11) in a research report on Tuesday, September 13th. Liberum Capital reissued a “hold” rating and set a GBX 2,500 ($32.63) price target on shares of Derwent London Plc in a research report on Friday, September 9th. Jefferies Group lowered their price target on Derwent London Plc from GBX 2,950 ($38.51) to GBX 2,660 ($34.72) and set a “hold” rating for the company in a research report on Friday, August 19th. Goldman Sachs Group Inc. raised Derwent London Plc to a “buy” rating and lowered their price target for the company from GBX 3,815 ($49.80) to GBX 3,100 ($40.46) in a research report on Wednesday, June 29th. Finally, Societe Generale lowered their price target on Derwent London Plc from GBX 3,570 ($46.60) to GBX 2,820 ($36.81) and set a “hold” rating for the company in a research report on Tuesday, July 5th. Three research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have assigned a buy rating to the company’s stock. Derwent London Plc currently has a consensus rating of “Hold” and an average price target of GBX 3,002.41 ($39.19).
Shares of Derwent London Plc (LON:DLN) opened at 2599.00 on Monday. Derwent London Plc has a 12 month low of GBX 2,230.00 and a 12 month high of GBX 3,891.00. The stock’s 50 day moving average price is GBX 2,681.14 and its 200 day moving average price is GBX 2,966.15. The firm’s market cap is GBX 2.89 billion.
The company also recently disclosed a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 15th will be paid a dividend of GBX 13.86 ($0.18) per share. This represents a yield of 0.51%. The ex-dividend date is Thursday, September 15th.
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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