Derwent London (LON:DLN) Receives Neutral Rating from JPMorgan Chase & Co.

Derwent London (LON:DLN)‘s stock had its “neutral” rating reiterated by analysts at JPMorgan Chase & Co. in a note issued to investors on Wednesday, February 28th. They presently have a GBX 3,300 ($45.59) price target on the real estate investment trust’s stock. JPMorgan Chase & Co.’s price target would suggest a potential upside of 8.45% from the stock’s current price.

Several other research firms have also weighed in on DLN. Numis Securities reaffirmed a “buy” rating and set a GBX 3,605 ($49.81) target price on shares of Derwent London in a report on Tuesday, February 27th. Peel Hunt reaffirmed a “hold” rating and set a GBX 2,900 ($40.07) target price on shares of Derwent London in a research note on Tuesday, February 27th. Liberum Capital boosted their price target on shares of Derwent London from GBX 2,650 ($36.61) to GBX 3,050 ($42.14) and gave the company a “hold” rating in a research report on Monday, January 8th. Deutsche Bank boosted their price objective on shares of Derwent London from GBX 2,750 ($37.99) to GBX 2,900 ($40.07) and gave the company a “hold” rating in a report on Monday, February 12th. Finally, Credit Suisse Group reiterated an “outperform” rating and set a GBX 3,410 ($47.11) price target on shares of Derwent London in a research note on Friday, February 9th. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 3,017.33 ($41.69).

Derwent London (LON DLN) traded up GBX 16 ($0.22) on Wednesday, reaching GBX 3,043 ($42.04). 249,275 shares of the company’s stock were exchanged, compared to its average volume of 288,295. Derwent London has a 12 month low of GBX 2,574 ($35.56) and a 12 month high of GBX 3,133 ($43.29). The stock has a market cap of $3,390.00 and a price-to-earnings ratio of 1,082.92.

In related news, insider Robert Rayne sold 10,000 shares of the stock in a transaction on Monday, December 18th. The stock was sold at an average price of GBX 3,072 ($42.44), for a total transaction of £307,200 ($424,426.64). Also, insider Helen Gordon acquired 858 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were bought at an average cost of GBX 2,898 ($40.04) per share, for a total transaction of £24,864.84 ($34,353.19).

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About Derwent London

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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