Derwent London Plc (DLN) Receives GBX 3,045.40 Average Price Target from Analysts

Derwent London Plc (LON:DLN) has earned an average rating of “Hold” from the thirteen research firms that are presently covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, seven have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is GBX 3,045.40 ($40.55).

A number of analysts have recently issued reports on DLN shares. Barclays reiterated an “overweight” rating and set a GBX 2,900 ($38.61) price target on shares of Derwent London in a research report on Thursday, February 22nd. Liberum Capital reiterated a “hold” rating and set a GBX 3,050 ($40.61) price target on shares of Derwent London in a research report on Tuesday, February 27th. Peel Hunt reiterated a “hold” rating and set a GBX 2,900 ($38.61) price target on shares of Derwent London in a research report on Tuesday, February 27th. Numis Securities reiterated a “buy” rating and set a GBX 3,605 ($48.00) price target on shares of Derwent London in a research report on Tuesday, February 27th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 3,300 ($43.94) price target on shares of Derwent London in a research report on Wednesday, February 28th.

In other Derwent London news, insider David Silverman sold 337 shares of the business’s stock in a transaction that occurred on Friday, March 23rd. The stock was sold at an average price of GBX 3,027 ($40.30), for a total value of £10,200.99 ($13,581.40). Also, insider Simon P. Silver sold 3,658 shares of the business’s stock in a transaction that occurred on Tuesday, April 3rd. The shares were sold at an average price of GBX 3,078 ($40.98), for a total value of £112,593.24 ($149,904.46).

Shares of DLN traded up GBX 12 ($0.16) during trading hours on Friday, reaching GBX 3,064 ($40.79). 286,942 shares of the company’s stock traded hands, compared to its average volume of 287,770. Derwent London has a 12 month low of GBX 2,574 ($34.27) and a 12 month high of GBX 3,133 ($41.71).

Derwent London Company Profile

Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, making it the largest London-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

Analyst Recommendations for Derwent London (LON:DLN)

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