Derwent London Plc (DLN) Receives “Underperform” Rating from BNP Paribas
BNP Paribas reissued their underperform rating on shares of Derwent London Plc (LON:DLN) in a research report released on Monday. BNP Paribas currently has a GBX 2,520 ($32.89) price target on the real estate investment trust’s stock.
DLN has been the topic of several other reports. Deutsche Bank AG cut shares of Derwent London Plc to a sell rating and lowered their price objective for the stock from GBX 3,510 ($45.82) to GBX 2,000 ($26.11) in a research report on Tuesday, September 13th. Liberum Capital lowered their price objective on shares of 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 research report on Monday, July 4th. Barclays PLC lowered their price objective on shares of 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 research report on Thursday, July 7th. Morgan Stanley lifted their price objective on shares of Derwent London Plc from GBX 2,400 ($31.33) to GBX 2,600 ($33.94) and gave the stock an underweight rating in a research report on Wednesday, August 31st. Finally, Jefferies Group lowered their price objective on shares of Derwent London Plc from GBX 2,950 ($38.51) to GBX 2,660 ($34.72) and set a hold rating on the stock in a research report on Friday, August 19th. Four research analysts have rated the stock with a sell rating, eleven have issued a hold rating and four 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 3,002.41 ($39.19).
Derwent London Plc (LON:DLN) opened at 2501.00 on Monday. The firm has a 50-day moving average price of GBX 2,656.97 and a 200 day moving average price of GBX 2,951.73. Derwent London Plc has a 52-week low of GBX 2,230.00 and a 52-week high of GBX 3,891.00. The stock’s market capitalization is GBX 2.78 billion.
The firm also recently disclosed 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. This represents a dividend yield of 0.51%. The ex-dividend date is Thursday, September 15th.
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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