Deutsche Bank AG reissued their sell rating on shares of Derwent London Plc (LON:DLN) in a research report released on Tuesday morning. Deutsche Bank AG currently has a GBX 2,000 ($26.11) price objective on the real estate investment trust’s stock.
Several other brokerages also recently weighed in on DLN. BNP Paribas restated a neutral rating and set a GBX 3,430 ($44.77) price objective on shares of Derwent London Plc in a research report on Monday, June 20th. Credit Suisse Group AG boosted their price objective on shares of Derwent London Plc from GBX 3,010 ($39.29) to GBX 3,195 ($41.70) and gave the stock an underperform rating in a research report on Friday, June 17th. Peel Hunt restated a hold rating and set a GBX 2,900 ($37.85) price objective on shares of Derwent London Plc in a research report on Thursday, August 11th. Numis Securities Ltd restated a buy rating and set a GBX 3,850 ($50.25) price objective on shares of Derwent London Plc in a research report on Thursday, August 11th. Finally, Liberum Capital restated a hold rating and set a GBX 2,500 ($32.63) price objective on shares of Derwent London Plc in a research report on Friday, September 9th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have assigned a buy rating to the company’s stock. Derwent London Plc currently has a consensus rating of Hold and a consensus target price of GBX 3,002.41 ($39.19).
Derwent London Plc (LON:DLN) opened at 2446.00 on Tuesday. 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 market capitalization is GBX 2.72 billion. The firm’s 50-day moving average is GBX 2,649.89 and its 200 day moving average is GBX 2,948.33.
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 GBX 13.86 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a yield of 0.51%.
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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