Derwent London Plc (OTCMKTS:DWVYF)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $48.10 and last traded at $48.10, with a volume of 0 shares changing hands. The stock had previously closed at $48.10.
A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Derwent London from a “sell” rating to a “hold” rating in a report on Tuesday, June 29th. Berenberg Bank restated a “buy” rating on shares of Derwent London in a report on Thursday, March 25th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Derwent London in a report on Wednesday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $46.00.
The company has a fifty day moving average of $46.47.
Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at Â£5.4 billion (including joint ventures) as at 30 June 2020, 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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