Derwent London Plc (LON:DLN)‘s stock had its “buy” rating reiterated by investment analysts at Numis Securities Ltd in a report released on Monday. They presently have a GBX 3,457 ($44.65) target price on the real estate investment trust’s stock. Numis Securities Ltd’s target price would suggest a potential upside of 22.72% from the company’s current price.
Other analysts have also issued reports about the company. HSBC Holdings plc boosted their target price on Derwent London Plc from GBX 2,817 ($36.38) to GBX 3,053 ($39.43) and gave the company a “hold” rating in a research note on Thursday, August 17th. Peel Hunt restated a “hold” rating and issued a GBX 2,900 ($37.45) target price on shares of Derwent London Plc in a research note on Thursday, August 10th. Liberum Capital reiterated a “hold” rating and set a GBX 2,650 ($34.22) price objective on shares of Derwent London Plc in a research note on Thursday, August 10th. Deutsche Bank AG upgraded Derwent London Plc to a “hold” rating and boosted their price objective for the company from GBX 2,000 ($25.83) to GBX 2,750 ($35.52) in a research note on Monday. Finally, J P Morgan Chase & Co reiterated a “neutral” rating and set a GBX 3,200 ($41.33) price objective on shares of Derwent London Plc in a research note on Wednesday, August 23rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. Derwent London Plc has an average rating of “Hold” and a consensus price target of GBX 3,003 ($38.78).
Shares of Derwent London Plc (LON:DLN) opened at 2781.00 on Monday. Derwent London Plc has a 12-month low of GBX 2,341.00 and a 12-month high of GBX 3,021.00. The stock’s 50 day moving average price is GBX 2,799.58 and its 200 day moving average price is GBX 2,794.88. The firm’s market capitalization is GBX 3.10 billion.
COPYRIGHT VIOLATION NOTICE: “Derwent London Plc (DLN) Stock Rating Reaffirmed by Numis Securities Ltd” was reported by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another domain, it was copied illegally and republished in violation of U.S. & international copyright & trademark law. The original version of this news story can be read at https://www.themarketsdaily.com/2017/09/13/derwent-london-plc-dln-stock-rating-reaffirmed-by-numis-securities-ltd.html.
About Derwent London Plc
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.
Receive News & Ratings for Derwent London Plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Derwent London Plc and related companies with MarketBeat.com's FREE daily email newsletter.