Shares of Derwent London Plc (OTCMKTS:DWVYF) hit a new 52-week high during trading on Tuesday . The company traded as high as $51.62 and last traded at $51.62, with a volume of 0 shares trading hands. The stock had previously closed at $51.62.
A number of equities analysts have recently commented on the stock. JPMorgan Chase & Co. reissued a “neutral” rating on shares of Derwent London in a research note on Wednesday, July 21st. UBS Group reissued a “buy” rating on shares of Derwent London in a research note on Thursday, July 22nd. Stifel Nicolaus raised shares of Derwent London from a “hold” rating to a “buy” rating in a research note on Friday, July 23rd. Barclays reaffirmed an “underweight” rating on shares of Derwent London in a report on Monday, August 16th. Finally, Zacks Investment Research raised shares of Derwent London from a “hold” rating to a “buy” rating and set a $58.00 price target for the company in a report on Monday, October 4th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $58.00.
The company’s fifty day simple moving average is $51.27 and its two-hundred day simple moving average is $48.20.
Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at Â£5.4 billion (including joint ventures) as at 30 June 2020, 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.
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