Derwent London Plc (DLN) Given “Underperform” Rating at BNP Paribas
DLN has been the subject of several other reports. Societe Generale restated a hold rating and issued a GBX 2,820 ($34.90) price objective on shares of Derwent London Plc in a research note on Friday, August 12th. Peel Hunt restated a hold rating and issued a GBX 2,900 ($35.89) price objective on shares of Derwent London Plc in a research note on Thursday, August 11th. Numis Securities Ltd lowered Derwent London Plc to an add rating and reduced their price objective for the stock from GBX 3,850 ($47.65) to GBX 3,164 ($39.16) in a research note on Tuesday, August 16th. HSBC upped their price objective on Derwent London Plc from GBX 2,525 ($31.25) to GBX 2,887 ($35.73) and gave the stock a hold rating in a research note on Friday, September 30th. Finally, Jefferies Group restated a hold rating and issued a GBX 2,950 ($36.51) price objective on shares of Derwent London Plc in a research note on Friday, August 12th. Four equities research analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the company’s stock. Derwent London Plc currently has an average rating of Hold and a consensus target price of GBX 3,002.41 ($37.16).
Shares of Derwent London Plc (LON:DLN) opened at 2447.00 on Tuesday. The company’s market cap is GBX 2.72 billion. Derwent London Plc has a 52 week low of GBX 2,230.00 and a 52 week high of GBX 3,891.00. The firm’s 50-day moving average price is GBX 2,611.41 and its 200 day moving average price is GBX 2,924.59.
The firm also recently declared a dividend, which will be paid on Friday, October 21st. Investors of record on Thursday, September 15th will be issued a GBX 13.86 ($0.17) 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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