Derwent London Plc (LON:DLN) had its target price upped by investment analysts at HSBC from GBX 2,525 ($32.96) to GBX 2,887 ($37.68) in a report issued on Friday. The firm currently has a “hold” rating on the real estate investment trust’s stock. HSBC’s target price indicates a potential upside of 11.38% from the company’s previous close.
A number of other brokerages also recently commented on DLN. Societe Generale restated a “hold” rating and issued a GBX 2,820 ($36.81) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Peel Hunt restated a “hold” rating and issued a GBX 2,900 ($37.85) target price on shares of Derwent London Plc in a research note on Thursday, August 11th. Numis Securities Ltd downgraded Derwent London Plc to an “add” rating and decreased their target price for the company from GBX 3,850 ($50.25) to GBX 3,164 ($41.30) in a research note on Tuesday, August 16th. Jefferies Group restated a “hold” rating and issued a GBX 2,950 ($38.51) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Finally, Liberum Capital decreased their target price on Derwent London Plc from GBX 2,860 ($37.33) to GBX 2,500 ($32.63) and set a “hold” rating for the company in a research note on Monday, July 4th. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 2,991.82 ($39.05).
Derwent London Plc (LON:DLN) opened at 2546.00 on Friday. The stock’s market cap is GBX 2.83 billion. Derwent London Plc has a 52-week low of GBX 2,230.00 and a 52-week high of GBX 3,891.00. The firm’s 50-day moving average price is GBX 2,686.25 and its 200 day moving average price is GBX 2,970.49.
The business also recently declared a dividend, which will be paid on Friday, October 21st. Shareholders of record on Thursday, September 15th will be issued a GBX 13.86 ($0.18) dividend. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 0.51%.
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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