Derwent London Plc (DLN) Receives Average Recommendation of “Hold” from Analysts

Derwent London Plc (LON:DLN) has earned a consensus recommendation of “Hold” from the sixteen ratings firms that are currently covering the company. Five analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 2,837.67 ($35.46).

Several research firms have recently issued reports on DLN. Canaccord Genuity restated a “hold” rating and issued a GBX 2,610 ($32.62) price target on shares of Derwent London Plc in a research report on Thursday, December 15th. Barclays PLC restated an “overweight” rating and issued a GBX 3,500 ($43.74) price target on shares of Derwent London Plc in a research report on Monday, December 12th. Numis Securities Ltd lowered Derwent London Plc to an “add” rating and reduced their price target for the stock from GBX 3,164 ($39.54) to GBX 3,006 ($37.57) in a research report on Friday, January 13th. Jefferies Group LLC lowered Derwent London Plc to an “underperform” rating and set a GBX 2,257 ($28.21) price target on the stock. in a research report on Thursday, January 19th. Finally, Liberum Capital raised their price target on Derwent London Plc from GBX 2,500 ($31.24) to GBX 2,575 ($32.18) and gave the stock a “hold” rating in a research report on Friday, February 3rd.

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Derwent London Plc (LON:DLN) opened at 2640.00 on Wednesday. Derwent London Plc has a 52 week low of GBX 2,230.00 and a 52 week high of GBX 3,507.80. The stock’s market cap is GBX 2.94 billion. The firm has a 50-day moving average price of GBX 2,610.46 and a 200-day moving average price of GBX 2,595.34.

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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