Derwent London Plc (LON:DLN) has been given an average rating of “Hold” by the fifteen brokerages that are currently covering the company, Marketbeat reports. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 3,057.56 ($39.95).
Several brokerages have recently weighed in on DLN. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,800 ($23.52) target price on shares of in a research report on Monday, June 3rd. Goldman Sachs Group upgraded to a “buy” rating and set a GBX 1,180 ($15.42) price target on the stock in a research note on Tuesday, June 4th. Peel Hunt reiterated a “hold” rating and issued a GBX 935 ($12.22) price target (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a research note on Tuesday, July 9th. Royal Bank of Canada upped their price objective on from GBX 2,400 ($31.36) to GBX 2,800 ($36.59) and gave the company an “outperform” rating in a research note on Monday, June 24th. Finally, Berenberg Bank cut their price objective on Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a “hold” rating on the stock in a research note on Tuesday, May 7th.
In other Derwent London news, insider Simon P. Silver sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of GBX 3,138 ($41.00), for a total transaction of £784,500 ($1,025,088.20).
Shares of LON DLN traded down GBX 8 ($0.10) on Friday, hitting GBX 3,062 ($40.01). The company had a trading volume of 171,600 shares, compared to its average volume of 287,770. Derwent London has a 12-month low of GBX 2,745 ($35.87) and a 12-month high of GBX 3,352 ($43.80). The company has a 50 day moving average price of GBX 3,151.52. The company has a debt-to-equity ratio of 22.96, a current ratio of 0.46 and a quick ratio of 0.23. The firm has a market cap of $3.42 billion and a price-to-earnings ratio of 15.39.
Derwent London Company Profile
Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, 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.
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