Derwent London (LON:DLN)‘s stock had its “hold” rating reiterated by stock analysts at Liberum Capital in a report released on Friday.
Several other equities analysts have also weighed in on DLN. Peel Hunt reiterated a “hold” rating on shares of Derwent London in a report on Thursday, July 5th. UBS Group reiterated a “buy” rating and set a GBX 3,600 ($47.04) price objective (up previously from GBX 3,500 ($45.73)) on shares of Derwent London in a report on Friday, July 20th. Numis Securities dropped their price objective on shares of Derwent London from GBX 3,786 ($49.47) to GBX 3,745 ($48.94) and set a “buy” rating on the stock in a report on Friday, August 10th. Finally, BNP Paribas upgraded shares of Derwent London to a “neutral” rating and upped their price objective for the company from GBX 3,170 ($41.42) to GBX 3,230 ($42.21) in a report on Tuesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 3,099.23 ($40.50).
Shares of LON DLN opened at GBX 2,960 ($38.68) on Friday. Derwent London has a 1-year low of GBX 2,574 ($33.63) and a 1-year high of GBX 3,133 ($40.94).
In related news, insider Robert Rayne sold 10,000 shares of the company’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of GBX 3,045 ($39.79), for a total value of £304,500 ($397,883.18).
About Derwent London
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.
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