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).
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).
TRADEMARK VIOLATION NOTICE: This news story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this news story on another domain, it was illegally stolen and republished in violation of U.S. and international copyright and trademark legislation. The original version of this news story can be accessed at https://www.dispatchtribunal.com/2018/04/08/deutsche-bank-boosts-derwent-london-dln-price-target-to-gbx-3000.html.
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.
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.