Derwent London (LON:DLN) Rating Reaffirmed
In an analyst note issued to clients and investors on Monday, 7 December, The “Buy” rating of Derwent London (LON:DLN) shares was maintained by Canaccord Genuity, who now has a GBX 4307 PT on the stock. Canaccord Genuity’s PT could mean a possible upside of 14.40% from the previous close of the company.
From a total of 21 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 4045.05 with a -1.48% below today’s (GBX 3782) stock price. Derwent London was the topic of 43 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Liberum Capital maintained shares on December 1 with “Hold” rating. Panmure Gordon maintained shares with “Buy” rating and GBX 4233 target share price in a report from a November 12. Barclays Capital maintained DLN stock in a recent report from November 19 with “Overweight” rating. Credit Suisse maintained the rating on October 26. Credit Suisse has a “Neutral” rating and a GBX 4280 price target on shares. Finally, Canaccord Genuity maintained the stock with “Buy” rating in a report issued on a November 12.
Approximately 13,002 shares of stock traded hands. Derwent London Plc (LON:DLN) has risen 7.10% since May 8, 2015 and is uptrending. It has outperformed by 8.18% 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 4.25 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 5.65 P/E ratio. The Company’s property portfolio includes investment property, owner-occupied property and trading property.