Derwent London Plc (LON:DLN) had its price objective boosted by Canaccord Genuity from GBX 2,530 ($31.25) to GBX 2,680 ($33.10) in a report issued on Friday. Canaccord Genuity currently has a hold rating on the real estate investment trust’s stock.
Several other research analysts also recently commented on the stock. Liberum Capital restated a hold rating and set a GBX 2,575 ($31.80) price objective on shares of Derwent London Plc in a research report on Monday, March 13th. Goldman Sachs Group Inc reiterated a buy rating and set a GBX 3,250 ($40.14) price target on shares of Derwent London Plc in a report on Tuesday, March 7th. Jefferies Group LLC reiterated an underperform rating and set a GBX 2,257 ($27.87) price target on shares of Derwent London Plc in a report on Wednesday, March 1st. Numis Securities Ltd reiterated an add rating and set a GBX 3,141 ($38.79) price target on shares of Derwent London Plc in a report on Tuesday, February 28th. Finally, Peel Hunt reiterated a hold rating and set a GBX 2,900 ($35.82) price target on shares of Derwent London Plc in a report on Tuesday, February 28th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of GBX 2,841.79 ($35.10).
Derwent London Plc (LON:DLN) traded up 1.11% on Friday, hitting GBX 2730.00. The stock had a trading volume of 254,761 shares. The company has a 50 day moving average of GBX 2,641.46 and a 200 day moving average of GBX 2,583.03. The company’s market capitalization is GBX 3.04 billion. Derwent London Plc has a 12-month low of GBX 2,230.00 and a 12-month high of GBX 3,507.80.
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The company also recently declared a dividend, which will be paid on Friday, June 9th. Shareholders of record on Thursday, May 4th will be given a dividend of GBX 90.50 ($1.12) per share. The ex-dividend date of this dividend is Thursday, May 4th. This represents a yield of 3.21%. This is a boost from Derwent London Plc’s previous dividend of $13.86.
Derwent London Plc Company Profile
Derwent London plc is a United Kingdom-based real estate investment trust (REIT) operating in central London region. The Company owns and manages a portfolio of approximately 6.2 million square feet located in over 15 villages in London’s West End and City borders and focus on middle market rents. The Company’s property portfolio includes investment property, owner-occupied property and trading property.
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