Derwent London Plc (LON:DLN) insider Robert Rayne sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, December 18th. The shares were sold at an average price of GBX 3,072 ($41.35), for a total transaction of £307,200 ($413,458.95).
Shares of Derwent London Plc (LON:DLN) opened at GBX 3,061 ($41.20) on Wednesday. Derwent London Plc has a 52 week low of GBX 2,428 ($32.68) and a 52 week high of GBX 3,095 ($41.66).
A number of research firms recently issued reports on DLN. Credit Suisse Group upgraded shares of Derwent London to an “outperform” rating and boosted their target price for the company from GBX 2,800 ($37.69) to GBX 3,410 ($45.90) in a report on Wednesday, December 6th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 3,200 ($43.07) target price on shares of Derwent London in a report on Friday, November 10th. Peel Hunt restated a “hold” rating and issued a GBX 2,900 ($39.03) target price on shares of Derwent London in a report on Thursday, November 9th. Liberum Capital restated a “hold” rating and issued a GBX 2,650 ($35.67) target price on shares of Derwent London in a report on Thursday, November 9th. Finally, Goldman Sachs Group restated a “neutral” rating and issued a GBX 3,010 ($40.51) target price on shares of Derwent London in a report on Wednesday, September 27th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 2,999.17 ($40.37).
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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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