Derwent London Plc (DLN) Given Hold Rating at Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of Derwent London Plc (LON:DLN) in a research report released on Monday morning. Deutsche Bank AG currently has a GBX 2,000 ($26.11) price target on the real estate investment trust’s stock.
A number of other equities analysts also recently weighed in on the company. Liberum Capital dropped their target price on Derwent London Plc from GBX 2,860 ($37.33) to GBX 2,500 ($32.63) and set a hold rating on the stock in a report on Monday, July 4th. Barclays PLC dropped their target price on Derwent London Plc from GBX 4,300 ($56.13) to GBX 3,500 ($45.69) and set an overweight rating on the stock in a report on Thursday, July 7th. Morgan Stanley upped their target price on Derwent London Plc from GBX 2,400 ($31.33) to GBX 2,600 ($33.94) and gave the company an underweight rating in a report on Wednesday, August 31st. BNP Paribas reiterated an underperform rating and issued a GBX 2,270 ($29.63) target price on shares of Derwent London Plc in a report on Thursday, July 14th. Finally, Numis Securities Ltd downgraded Derwent London Plc to an add rating and dropped their target price for the company from GBX 3,850 ($50.25) to GBX 3,164 ($41.30) in a report on Tuesday, August 16th. Three equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have given a buy rating to the stock. The stock presently has an average rating of Hold and an average target price of GBX 3,010.47 ($39.30).
Shares of Derwent London Plc (LON:DLN) opened at 2635.00 on Monday. The stock’s market cap is GBX 2.93 billion. Derwent London Plc has a 1-year low of GBX 2,230.00 and a 1-year high of GBX 3,891.00. The stock’s 50 day moving average is GBX 2,711.33 and its 200-day moving average is GBX 2,984.46.
The company also recently announced a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be paid a GBX 13.86 ($0.18) dividend. The ex-dividend date is Thursday, September 15th. This represents a dividend yield of 0.51%.
In other news, insider Wisniewski,Damian bought 4,256 shares of the business’s stock in a transaction that occurred on Tuesday, June 28th. The stock was acquired at an average cost of GBX 2,349 ($30.66) per share, for a total transaction of £99,973.44 ($130,496.59). Also, insider Williams,Paul M. bought 2,013 shares of the business’s stock in a transaction that occurred on Wednesday, June 29th. The stock was purchased at an average price of GBX 2,484 ($32.42) per share, with a total value of £50,002.92 ($65,269.44).
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.
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