Insider Selling: Derwent London Plc (DLN) Insider Sells 10,000 Shares of Stock

Derwent London Plc (LON:DLN) insider Robert Rayne sold 10,000 shares of the firm’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of GBX 3,072 ($41.66), for a total transaction of £307,200 ($416,598.86).

Robert Rayne also recently made the following trade(s):

  • On Friday, December 29th, Robert Rayne sold 15,000 shares of Derwent London stock. The shares were sold at an average price of GBX 3,100 ($42.04), for a total transaction of £465,000 ($630,593.98).

Shares of Derwent London Plc (LON:DLN) traded up GBX 10 ($0.14) during mid-day trading on Friday, reaching GBX 2,985 ($40.48). 203,238 shares of the company’s stock traded hands, compared to its average volume of 233,682. Derwent London Plc has a 52 week low of GBX 2,428 ($32.93) and a 52 week high of GBX 3,133 ($42.49). The firm has a market cap of $3,330.00 and a price-to-earnings ratio of 3,142.11.

A number of equities analysts have recently commented on the stock. Peel Hunt reissued a “hold” rating and issued a GBX 2,900 ($39.33) target price on shares of Derwent London in a research note on Thursday, November 9th. Barclays reaffirmed an “overweight” rating and set a GBX 3,600 ($48.82) price target on shares of Derwent London in a research note on Monday, September 25th. Credit Suisse Group raised shares of Derwent London to an “outperform” rating and lifted their price target for the stock from GBX 2,800 ($37.97) to GBX 3,410 ($46.24) in a research note on Wednesday, December 6th. Goldman Sachs Group reaffirmed a “neutral” rating and set a GBX 3,010 ($40.82) price target on shares of Derwent London in a research note on Wednesday, September 27th. Finally, Canaccord Genuity lifted their price target on shares of Derwent London from GBX 2,830 ($38.38) to GBX 3,010 ($40.82) and gave the stock a “hold” rating in a research note on Friday, December 22nd. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 3,060 ($41.50).

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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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