Derwent London Plc’s (DLN) “Sell” Rating Reiterated at Deutsche Bank AG
Deutsche Bank AG reiterated their sell rating on shares of Derwent London Plc (LON:DLN) in a research note published on Tuesday morning. The firm currently has a GBX 2,000 ($26.11) target price on the real estate investment trust’s stock.
DLN has been the topic of several other research reports. BNP Paribas reaffirmed an underperform rating and issued a GBX 2,340 ($30.54) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Peel Hunt reaffirmed a hold rating and issued a GBX 2,900 ($37.85) target price on shares of Derwent London Plc in a research note on Thursday, August 11th. JPMorgan Chase & Co. reaffirmed an overweight rating and issued a GBX 4,150 ($54.17) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Societe Generale reaffirmed a hold rating and issued a GBX 2,820 ($36.81) target price on shares of Derwent London Plc in a research note on Friday, August 12th. Finally, Goldman Sachs Group Inc. raised shares of Derwent London Plc to a buy rating and reduced their target price for the company from GBX 3,815 ($49.80) to GBX 3,100 ($40.46) in a research note on Wednesday, June 29th. Four analysts have rated the stock with a sell rating, eleven have given a hold rating and four have issued a buy rating to the stock. Derwent London Plc presently has a consensus rating of Hold and an average price target of GBX 3,002.41 ($39.19).
Derwent London Plc (LON:DLN) opened at 2459.00 on Tuesday. The firm’s market cap is GBX 2.74 billion. The firm has a 50-day moving average of GBX 2,656.97 and a 200 day moving average of GBX 2,951.73. Derwent London Plc has a 1-year low of GBX 2,230.00 and a 1-year high of GBX 3,891.00.
The firm also recently disclosed a dividend, which will be paid on Friday, October 21st. Stockholders of record on Thursday, September 15th will be issued a GBX 13.86 ($0.18) dividend. The ex-dividend date of this dividend is Thursday, September 15th. This represents a dividend yield of 0.51%.
Derwent London Plc 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.
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