Derwent London Plc (LON:DLN) has been assigned an average rating of “Hold” from the nineteen brokerages that are covering the stock. Three analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 2,991.82 ($39.05).
DLN has been the topic of a number of recent research reports. Deutsche Bank AG lowered Derwent London Plc to a “sell” rating and dropped their target price for the company from GBX 3,510 ($45.82) to GBX 2,000 ($26.11) in a report on Tuesday, September 13th. Liberum Capital restated a “hold” rating and issued a GBX 2,500 ($32.63) target price on shares of Derwent London Plc in a report on Friday, September 9th. Jefferies Group dropped their target price on Derwent London Plc from GBX 2,950 ($38.51) to GBX 2,660 ($34.72) and set a “hold” rating on the stock in a report on Friday, August 19th. Goldman Sachs Group Inc. upgraded Derwent London Plc to a “buy” rating and dropped their target price for the company from GBX 3,815 ($49.80) to GBX 3,100 ($40.46) in a report on Wednesday, June 29th. Finally, Societe Generale dropped their target price on Derwent London Plc from GBX 3,570 ($46.60) to GBX 2,820 ($36.81) and set a “hold” rating on the stock in a report on Tuesday, July 5th.
Derwent London Plc (LON:DLN) opened at 2601.00 on Wednesday. The company’s market capitalization is GBX 2.89 billion. Derwent London Plc has a one year low of GBX 2,230.00 and a one year high of GBX 3,891.00. The firm’s 50 day moving average price is GBX 2,681.14 and its 200-day moving average price is GBX 2,966.15.
The business also recently declared a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 15th will be given a GBX 13.86 ($0.18) dividend. This represents a dividend yield of 0.51%. The ex-dividend date of this dividend is Thursday, September 15th.
Derwent London Plc Company Profile
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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