Shares of Derwent London Plc (LON:DLN) have been assigned a consensus rating of “Hold” from the fifteen brokerages that are currently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a sell rating, eight have given a hold rating and two have issued a buy rating on the company. The average 12 month target price among brokerages that have covered the stock in the last year is GBX 3,057.56 ($39.95).
DLN has been the subject of a number of research analyst reports. Deutsche Bank increased their target price on Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a report on Friday, July 12th. Peel Hunt restated a “hold” rating and issued a GBX 935 ($12.22) target price (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a report on Tuesday, July 9th. Goldman Sachs Group upgraded to a “buy” rating and set a GBX 1,180 ($15.42) target price for the company in a report on Tuesday, June 4th. Credit Suisse Group initiated coverage on Arco Platform in a report on Tuesday, June 25th. They issued a “neutral” rating for the company. Finally, Royal Bank of Canada increased their target price on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a report on Monday, June 24th.
In related news, insider Simon P. Silver sold 25,000 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of GBX 3,138 ($41.00), for a total transaction of £784,500 ($1,025,088.20).
Shares of DLN traded down GBX 8 ($0.10) during mid-day trading on Friday, reaching GBX 3,062 ($40.01). The company’s stock had a trading volume of 171,600 shares, compared to its average volume of 287,770. The company has a fifty day moving average price of GBX 3,151.52. The company has a market cap of $3.42 billion and a P/E ratio of 15.39. Derwent London has a 1 year low of GBX 2,745 ($35.87) and a 1 year high of GBX 3,352 ($43.80). The company has a debt-to-equity ratio of 22.96, a quick ratio of 0.23 and a current ratio of 0.46.
Derwent London Company Profile
Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, 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.
Further Reading: What are earnings reports?
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.