Derwent London Plc (LON:DLN) has been assigned an average recommendation of “Hold” from the eleven analysts that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is GBX 2,961.82 ($39.08).
A number of brokerages recently issued reports on DLN. Goldman Sachs Group, Inc. (The) restated a “neutral” rating and set a GBX 3,010 ($39.72) price target on shares of Derwent London Plc in a report on Wednesday, September 27th. Barclays PLC restated an “overweight” rating and set a GBX 3,600 ($47.51) price target on shares of Derwent London Plc in a report on Monday, September 25th. Numis Securities Ltd restated a “buy” rating and set a GBX 3,457 ($45.62) price target on shares of Derwent London Plc in a report on Monday, September 11th. Liberum Capital restated a “hold” rating and set a GBX 2,650 ($34.97) price target on shares of Derwent London Plc in a report on Monday, September 11th. Finally, Deutsche Bank AG upgraded Derwent London Plc to a “hold” rating and boosted their price target for the company from GBX 2,000 ($26.39) to GBX 2,750 ($36.29) in a report on Monday, September 11th.
In other Derwent London Plc news, insider Simon P. Silver sold 35,000 shares of Derwent London Plc stock in a transaction that occurred on Tuesday, October 10th. The stock was sold at an average price of GBX 2,739 ($36.14), for a total transaction of £958,650 ($1,265,043.55).
Shares of Derwent London Plc (DLN) opened at 2674.00 on Friday. 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 cap is GBX 2.98 billion. The company’s 50 day moving average price is GBX 2,765.59 and its 200 day moving average price is GBX 2,797.28.
The company also recently disclosed a dividend, which was paid on Friday, October 20th. Shareholders of record on Thursday, September 14th were given a dividend of GBX 17.33 ($0.23) per share. The ex-dividend date of this dividend was Thursday, September 14th. This represents a yield of 0.6%.
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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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