Derwent London Plc (LON:DLN)‘s stock had its “neutral” rating reaffirmed by investment analysts at J P Morgan Chase & Co in a report released on Friday. They currently have a GBX 3,200 ($42.09) target price on the real estate investment trust’s stock. J P Morgan Chase & Co’s target price would suggest a potential upside of 19.47% from the stock’s current price.
Several other equities analysts also recently issued reports on DLN. Liberum Capital boosted their price target on shares of Derwent London Plc from GBX 2,575 ($33.87) to GBX 2,650 ($34.85) and gave the company a “hold” rating in a report on Tuesday, August 1st. Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($38.14) price target on shares of Derwent London Plc in a report on Thursday, August 10th. Numis Securities Ltd reissued a “buy” rating and set a GBX 3,457 ($45.47) price target on shares of Derwent London Plc in a report on Friday, August 11th. HSBC Holdings plc boosted their price target on shares of Derwent London Plc from GBX 2,817 ($37.05) to GBX 3,053 ($40.16) and gave the company a “hold” rating in a report on Thursday, August 17th. Finally, Deutsche Bank AG raised shares of Derwent London Plc to a “hold” rating and boosted their price target for the company from GBX 2,000 ($26.31) to GBX 2,750 ($36.17) in a report on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of GBX 2,961.82 ($38.96).
Derwent London Plc (LON:DLN) opened at GBX 2,678.51 ($35.23) on Friday. Derwent London Plc has a 1-year low of GBX 2,341 ($30.79) and a 1-year high of GBX 3,021 ($39.73).
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In related news, insider Simon P. Silver sold 35,000 shares of Derwent London Plc stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of GBX 2,739 ($36.03), for a total transaction of £958,650 ($1,260,883.86).
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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