Analysts Set Derwent London Plc (DLN) PT at $3,060.00

Shares of Derwent London Plc (LON:DLN) have been given an average rating of “Hold” by the twelve analysts that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is GBX 3,060 ($41.50).

Several research firms have commented on DLN. Liberum Capital lifted their price target on shares of Derwent London from GBX 2,650 ($35.94) to GBX 3,050 ($41.36) and gave the stock a “hold” rating in a research note on Monday, January 8th. JPMorgan Chase & Co. reissued a “neutral” rating and set a GBX 3,200 ($43.40) price target on shares of Derwent London in a research note on Friday, November 10th. Canaccord Genuity lifted their price target on shares of Derwent London from GBX 2,830 ($38.38) to GBX 3,010 ($40.82) and gave the stock a “hold” rating in a research note on Friday, December 22nd. Goldman Sachs Group reissued a “neutral” rating and set a GBX 3,010 ($40.82) price target on shares of Derwent London in a research note on Wednesday, September 27th. Finally, Credit Suisse Group raised shares of Derwent London to an “outperform” rating and lifted their price target for the stock from GBX 2,800 ($37.97) to GBX 3,410 ($46.24) in a research note on Wednesday, December 6th.

Shares of Derwent London (LON DLN) traded up GBX 10 ($0.14) on Wednesday, reaching GBX 2,985 ($40.48). 203,238 shares of the company were exchanged, compared to its average volume of 233,682. The stock has a market capitalization of $3,330.00 and a P/E ratio of 3,142.11. Derwent London has a 1-year low of GBX 2,428 ($32.93) and a 1-year high of GBX 3,133 ($42.49).

In other news, insider Robert Rayne sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of GBX 3,072 ($41.66), for a total value of £307,200 ($416,598.86).

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Derwent London 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.

Analyst Recommendations for Derwent London (LON:DLN)

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