Derwent London (LON:DLN) had its price objective increased by Liberum Capital from GBX 2,650 ($35.94) to GBX 3,050 ($41.36) in a research note published on Monday morning. Liberum Capital currently has a hold rating on the real estate investment trust’s stock.
Several other research firms also recently weighed in on DLN. Peel Hunt reaffirmed a hold rating and issued a GBX 2,900 ($39.33) price target on shares of Derwent London in a research note on Thursday, November 9th. Goldman Sachs Group reaffirmed a neutral rating and issued a GBX 3,010 ($40.82) price target on shares of Derwent London in a research note on Wednesday, September 27th. Barclays reaffirmed an overweight rating and issued a GBX 3,600 ($48.82) price target on shares of Derwent London in a research note on Monday, September 25th. JPMorgan Chase & Co. reaffirmed a neutral rating and issued a GBX 3,200 ($43.40) price target on shares of Derwent London in a research note on Friday, November 10th. Finally, Numis Securities reaffirmed a buy rating and issued a GBX 3,457 ($46.88) price target on shares of Derwent London in a research note on Monday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average price target of GBX 3,060 ($41.50).
Derwent London (LON DLN) opened at GBX 3,007 ($40.78) on Monday. Derwent London has a 52 week low of GBX 2,428 ($32.93) and a 52 week high of GBX 3,133 ($42.49). The stock has a market capitalization of $3,390.00 and a PE ratio of 3,165.26.
In other news, insider Robert Rayne sold 15,000 shares of Derwent London stock in a transaction dated Friday, December 29th. The shares were sold at an average price of GBX 3,100 ($42.04), for a total transaction of £465,000 ($630,593.98).
ILLEGAL ACTIVITY WARNING: “Liberum Capital Boosts Derwent London (DLN) Price Target to GBX 3,050” was originally reported by Dispatch Tribunal and is the property of of Dispatch Tribunal. If you are accessing this news story on another website, it was illegally copied and republished in violation of US & international copyright & trademark law. The legal version of this news story can be read at https://www.dispatchtribunal.com/2018/01/11/liberum-capital-boosts-derwent-london-dln-price-target-to-gbx-3050.html.
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.
Receive News & Ratings for Derwent London Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Derwent London and related companies with MarketBeat.com's FREE daily email newsletter.