Credit Suisse Group upgraded shares of Derwent London (LON:DLN) to an outperform rating in a research report released on Wednesday morning. Credit Suisse Group currently has GBX 3,410 ($45.90) target price on the real estate investment trust’s stock, up from their prior target price of GBX 2,800 ($37.69).
Several other brokerages also recently commented on DLN. increased their target price on shares of Derwent London from GBX 2,817 ($37.91) to GBX 3,053 ($41.09) and gave the company a hold rating in a report on Thursday, August 17th. Numis Securities reiterated a buy rating and issued a GBX 3,457 ($46.53) target price on shares of Derwent London in a report on Friday, August 11th. Peel Hunt reiterated a hold rating and issued a GBX 2,900 ($39.03) target price on shares of Derwent London in a report on Thursday, August 10th. Liberum Capital reiterated a hold rating and issued a GBX 2,650 ($35.67) target price on shares of Derwent London in a report on Thursday, August 10th. Finally, J P Morgan Chase & Co reiterated a neutral rating and issued a GBX 3,200 ($43.07) target price on shares of Derwent London in a report on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of GBX 2,999.17 ($40.37).
Shares of Derwent London (LON DLN) opened at GBX 2,877.27 ($38.73) on Wednesday. Derwent London has a 1-year low of GBX 2,428 ($32.68) and a 1-year high of GBX 3,021 ($40.66).
In related news, insider Simon P. Silver sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of GBX 2,739 ($36.86), for a total transaction of £958,650 ($1,290,242.26).
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Derwent London 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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