Derwent London (LON:DLN)‘s stock had its “hold” rating reissued by stock analysts at Liberum Capital in a report released on Thursday, ThisIsMoney.Co.Uk reports.
Other research analysts have also issued reports about the company. Peel Hunt reissued a “hold” rating on shares of Derwent London in a research report on Tuesday. Barclays raised their price objective on Derwent London from GBX 3,000 ($39.20) to GBX 3,100 ($40.51) and gave the company an “underweight” rating in a research report on Monday. Goldman Sachs Group raised their price objective on Derwent London from GBX 3,163 ($41.33) to GBX 3,269 ($42.72) and gave the company a “neutral” rating in a research report on Tuesday. UBS Group reissued a “buy” rating on shares of Derwent London in a research report on Tuesday. Finally, Berenberg Bank raised their price objective on Derwent London from GBX 2,650 ($34.63) to GBX 2,800 ($36.59) and gave the company a “sell” rating in a research report on Wednesday, October 9th. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company. Derwent London currently has an average rating of “Hold” and an average price target of GBX 3,253.42 ($42.51).
Shares of Derwent London stock opened at GBX 3,566 ($46.60) on Thursday. Derwent London has a twelve month low of GBX 2,775 ($36.26) and a twelve month high of GBX 3,694 ($48.27). The stock has a market capitalization of $3.97 billion and a P/E ratio of 18.11. The company has a current ratio of 1.13, a quick ratio of 0.57 and a debt-to-equity ratio of 23.91. The business’s fifty day moving average price is GBX 3,427.44 and its 200 day moving average price is GBX 3,210.95.
In other news, insider Simon P. Silver sold 10,000 shares of Derwent London stock in a transaction dated Wednesday, October 16th. The stock was sold at an average price of GBX 3,494 ($45.66), for a total transaction of £349,400 ($456,552.99). Also, insider Simon P. Silver bought 1,900 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were acquired at an average cost of GBX 3,140 ($41.03) per share, for a total transaction of £59,660 ($77,956.36).
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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