Derwent London (LON:DLN) had its price objective lifted by equities researchers at Deutsche Bank from GBX 2,750 ($37.99) to GBX 2,900 ($40.07) in a report issued on Monday. The brokerage presently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s price objective suggests a potential upside of 0.31% from the stock’s previous close.
DLN has been the subject of a number of other reports. Canaccord Genuity lifted their target price on Derwent London from GBX 2,830 ($39.10) to GBX 3,010 ($41.59) and gave the company a “hold” rating in a research note on Friday, December 22nd. Liberum Capital lifted their target price on Derwent London from GBX 2,650 ($36.61) to GBX 3,050 ($42.14) and gave the company a “hold” rating in a research note on Monday, January 8th. Jefferies Group restated an “underperform” rating and issued a GBX 2,450 ($33.85) target price on shares of Derwent London in a research note on Thursday, January 18th. Credit Suisse Group restated an “outperform” rating and issued a GBX 3,410 ($47.11) target price on shares of Derwent London in a research note on Friday, February 9th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 2,900 ($40.07) target price on shares of Derwent London in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of GBX 3,117.09 ($43.07).
Derwent London (LON:DLN) opened at GBX 2,891 ($39.94) on Monday. Derwent London has a 52 week low of GBX 2,574 ($35.56) and a 52 week high of GBX 3,133 ($43.29). The company has a market capitalization of $3,220.00 and a P/E ratio of 3,043.16.
In other news, insider Robert Rayne sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, December 29th. The stock was sold at an average price of GBX 3,100 ($42.83), for a total transaction of £465,000 ($642,442.66).
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About Derwent London
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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