Derwent London (LON:DLN) Price Target Raised to GBX 3,000

Derwent London (LON:DLN) had its target price raised by equities research analysts at Deutsche Bank from GBX 2,900 ($40.71) to GBX 3,000 ($42.11) in a research report issued on Wednesday, March 14th. The firm currently has a “hold” rating on the real estate investment trust’s stock. Deutsche Bank’s target price indicates a potential downside of 4.12% from the stock’s current price.

Several other brokerages also recently weighed in on DLN. Liberum Capital increased their price target on shares of Derwent London from GBX 2,650 ($37.20) to GBX 3,050 ($42.81) and gave the stock a “hold” rating in a report on Monday, January 8th. Canaccord Genuity lifted their price target on shares of Derwent London from GBX 2,830 ($39.72) to GBX 3,010 ($42.25) and gave the company a “hold” rating in a research note on Friday, December 22nd. JPMorgan Chase restated a “neutral” rating and issued a GBX 3,300 ($46.32) price objective on shares of Derwent London in a report on Tuesday, March 13th. Peel Hunt restated a “hold” rating and issued a GBX 2,900 ($40.71) price objective on shares of Derwent London in a report on Tuesday, February 27th. Finally, Numis Securities restated a “buy” rating and issued a GBX 3,605 ($50.60) price objective on shares of Derwent London in a report on Tuesday, February 27th. Three 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 a consensus target price of GBX 3,032.54 ($42.57).

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LON:DLN traded down GBX 11 ($0.15) during midday trading on Wednesday, hitting GBX 3,129 ($43.92). The company’s stock had a trading volume of 229,769 shares, compared to its average volume of 287,770. Derwent London has a fifty-two week low of GBX 2,574 ($36.13) and a fifty-two week high of GBX 3,133 ($43.98).

In related news, insider Simon P. Silver sold 3,658 shares of the company’s stock in a transaction on Tuesday, April 3rd. The stock was sold at an average price of GBX 3,078 ($43.21), for a total transaction of £112,593.24 ($158,047.78). Also, insider Helen Gordon acquired 858 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were acquired at an average cost of GBX 2,898 ($40.68) per share, for a total transaction of £24,864.84 ($34,902.92).

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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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