Derwent London (DLN) Rating Reiterated by Peel Hunt

Derwent London (LON:DLN)‘s stock had its “hold” rating reissued by investment analysts at Peel Hunt in a report released on Thursday.

A number of other equities analysts have also recently commented on the company. Numis Securities reaffirmed a “buy” rating and issued a GBX 3,605 ($50.60) price target on shares of Derwent London in a research note on Tuesday, February 27th. Canaccord Genuity lifted their price objective on Derwent London from GBX 2,830 ($39.72) to GBX 3,010 ($42.25) and gave the stock a “hold” rating in a research report on Friday, December 22nd. Liberum Capital reiterated a “hold” rating and issued a GBX 3,050 ($42.81) price objective on shares of Derwent London in a research report on Tuesday, February 27th. Barclays reiterated an “overweight” rating and issued a GBX 2,900 ($40.71) price objective on shares of Derwent London in a research report on Thursday, February 22nd. Finally, JPMorgan Chase reiterated a “neutral” rating and issued a GBX 3,300 ($46.32) price objective on shares of Derwent London in a research report on Wednesday, February 28th. Three analysts have rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. Derwent London has an average rating of “Hold” and an average target price of GBX 3,032.54 ($42.57).

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Shares of Derwent London stock opened at GBX 3,129 ($43.92) on Thursday. Derwent London has a one year low of GBX 2,574 ($36.13) and a one year high of GBX 3,133 ($43.98).

In related news, insider David Silverman sold 337 shares of Derwent London stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of GBX 3,027 ($42.49), for a total transaction of £10,200.99 ($14,319.19). Also, insider Simon P. Silver sold 3,658 shares of Derwent London stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 3,078 ($43.21), for a total value of £112,593.24 ($158,047.78).

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Derwent London Company Profile

Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, making it the largest London-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

Analyst Recommendations for Derwent London (LON:DLN)

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