Derwent London Plc (LON:DLN) had its target price increased by stock analysts at HSBC Holdings plc from GBX 2,817 ($36.57) to GBX 3,053 ($39.63) in a report issued on Thursday. The firm currently has a “hold” rating on the real estate investment trust’s stock. HSBC Holdings plc’s target price indicates a potential upside of 8.76% from the company’s previous close.
Other equities research analysts also recently issued research reports about the company. Liberum Capital restated a “hold” rating and set a GBX 2,575 ($33.43) price objective on shares of Derwent London Plc in a report on Thursday, May 11th. Numis Securities Ltd restated a “buy” rating and set a GBX 3,457 ($44.88) price objective on shares of Derwent London Plc in a report on Friday, August 11th. Goldman Sachs Group, Inc. (The) downgraded Derwent London Plc to a “neutral” rating and set a GBX 3,250 ($42.19) price objective for the company. in a report on Wednesday, April 19th. Barclays PLC restated a “top pick” rating and set a GBX 3,600 ($46.74) price objective (up previously from GBX 3,500 ($45.44)) on shares of Derwent London Plc in a report on Wednesday, May 3rd. Finally, Peel Hunt restated a “hold” rating and set a GBX 2,900 ($37.65) price objective on shares of Derwent London Plc in a report on Thursday, August 10th. Four investment analysts have rated the stock with a sell rating, six have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 2,914.31 ($37.83).
Derwent London Plc (LON DLN) opened at 2807.00 on Thursday. The stock’s 50 day moving average is GBX 2,762.62 and its 200 day moving average is GBX 2,767.21. The company’s market capitalization is GBX 3.13 billion. Derwent London Plc has a 52 week low of GBX 2,341.00 and a 52 week high of GBX 3,021.00.
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In other Derwent London Plc news, insider David Silverman sold 3,313 shares of the company’s stock in a transaction on Thursday, June 1st. The stock was sold at an average price of GBX 2,773 ($36.00), for a total value of £91,869.49 ($119,264.56).
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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