Derwent London (LON:DLN) Rating Reaffirmed
Liberum Capital now has a GBX 3918.00 PT on shares of Derwent London (LON:DLN). The PT suggests a potential upside of 2.11% from the current price of Derwent London (LON:DLN). This rating was revealed in a note on Tuesday morning.
From a total of 20 analysts covering Derwent London (LON:DLN) stock, 10 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 4710 while the lowest target price is GBX 3510. The mean of all analyst targets is GBX 4051.4 with a -2.69% below today’s (GBX 3816.73) stock price. Derwent London was the topic of 42 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on November 30 with “Hold” rating. Credit Suisse maintained shares with “Neutral” rating and GBX 4280 target share price in a report from an October 26. JP Morgan maintained DLN stock in a recent report from November 13 with “Overweight” rating. Deutsche Bank maintained the rating on October 21. Deutsche Bank has a “Hold” rating and a GBX 3510 price target on shares. Finally, Panmure Gordon maintained the stock with “Buy” rating in a report issued on a November 12.
The stock increased 1.24% or GBX 46.73 on December 1, striking GBX 3816.73. Approximately 212,883 shares of stock traded hands or 30.05% up from the average. Derwent London Plc (LON:DLN) has risen 11.14% since May 4, 2015 and is uptrending. It has outperformed by 12.77% the S&P500.
Derwent London Plc is a United Kingdom real estate investment trust operating in central London region. The company has a market cap of 4.24 billion GBP. The Firm owns and manages a portfolio of 5.7 million square feet located in 17 villages in London’s West End and City borders and focus on middle market rents. It has 5.71 P/E ratio. The Company’s property portfolio includes investment property, owner-occupied property and trading property.