Derwent London Plc (LON:DLN) was upgraded by equities researchers at Deutsche Bank AG to a “hold” rating in a report issued on Monday. The brokerage currently has a GBX 2,750 ($35.52) price target on the real estate investment trust’s stock, up from their prior price target of GBX 2,000 ($25.83). Deutsche Bank AG’s target price points to a potential downside of 0.72% from the company’s current price.
DLN has been the topic of a number of other reports. J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 3,200 ($41.33) target price on shares of Derwent London Plc in a research note on Wednesday, August 23rd. Numis Securities Ltd reissued a “buy” rating and issued a GBX 3,457 ($44.65) target price on shares of Derwent London Plc in a research note on Friday, August 11th. Liberum Capital reissued a “hold” rating and issued a GBX 2,650 ($34.22) target price on shares of Derwent London Plc in a research note on Thursday, August 10th. Peel Hunt reissued a “hold” rating and issued a GBX 2,900 ($37.45) target price on shares of Derwent London Plc in a research note on Thursday, August 10th. Finally, HSBC Holdings plc increased their target price on Derwent London Plc from GBX 2,817 ($36.38) to GBX 3,053 ($39.43) and gave the stock a “hold” rating in a research note on Thursday, August 17th. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 3,003 ($38.78).
Derwent London Plc (LON DLN) opened at 2770.00 on Monday. The stock’s market capitalization is GBX 3.09 billion. Derwent London Plc has a 12-month low of GBX 2,341.00 and a 12-month high of GBX 3,021.00. The firm’s 50-day moving average is GBX 2,798.62 and its 200-day moving average is GBX 2,790.85.
Derwent London Plc (LON:DLN) last posted its quarterly earnings data on Thursday, August 10th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.45. Derwent London Plc had a return on equity of 7.38% and a net margin of 146.08%. Analysts predict that Derwent London Plc will post $88.58 EPS for the current fiscal year.
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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