Liberum Capital reissued their hold rating on shares of Derwent London Plc (LON:DLN) in a research report sent to investors on Thursday. They currently have a GBX 2,650 ($34.85) price objective on the real estate investment trust’s stock.
A number of other brokerages have also weighed in on DLN. HSBC Holdings plc lifted their target price on Derwent London Plc from GBX 2,817 ($37.05) to GBX 3,053 ($40.16) and gave the company a hold rating in a research report on Thursday, August 17th. Numis Securities Ltd reaffirmed a buy rating and set a GBX 3,457 ($45.47) target price on shares of Derwent London Plc in a research report on Friday, August 11th. Peel Hunt reaffirmed a hold rating and set a GBX 2,900 ($38.14) target price on shares of Derwent London Plc in a research report on Thursday, August 10th. J P Morgan Chase & Co reaffirmed a neutral rating and set a GBX 3,200 ($42.09) target price on shares of Derwent London Plc in a research report on Wednesday, August 23rd. Finally, Deutsche Bank AG raised Derwent London Plc to a hold rating and lifted their target price for the company from GBX 2,000 ($26.31) to GBX 2,750 ($36.17) in a research report on Monday, September 11th. Two research 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 a consensus rating of Hold and a consensus target price of GBX 2,961.82 ($38.96).
Shares of Derwent London Plc (LON:DLN) traded down GBX 44 ($0.58) during midday trading on Thursday, reaching GBX 2,625 ($34.53). The company’s stock had a trading volume of 213,967 shares, compared to its average volume of 230,329. Derwent London Plc has a 1-year low of GBX 2,341 ($30.79) and a 1-year high of GBX 3,021 ($39.73).
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In other news, insider Simon P. Silver sold 35,000 shares of Derwent London Plc stock in a transaction on Tuesday, October 10th. The stock was sold at an average price of GBX 2,739 ($36.03), for a total value of £958,650 ($1,260,883.86).
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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