Derwent London (LON:DLN) Receives a Downgrade
The stock rating of Derwent London (LON:DLN) was lowered by investment advisers at Kempen & Co to a “Neutral”. This has been announced in an analyst note sent to investors on Tuesday, 8 December. Kempen & Co currently has a GBX 3950 target PPS on the shares, which could mean a possible upside of 5.78%.
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 -0.16% below today’s (GBX 3732) stock price. Derwent London was the topic of 45 analyst reports since August 3, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 7 with “Buy” rating. Panmure Gordon maintained shares with “Buy” rating and GBX 4233 target share price in a report from a November 12. Jefferies maintained DLN stock in a recent report from November 30 with “Hold” rating. Credit Suisse maintained the rating on October 26. Credit Suisse has a “Neutral” rating and a GBX 4280 price target on shares. Finally, JP Morgan maintained the stock with “Overweight” rating in a report issued on a November 13.
Approximately 41,405 shares of stock traded hands. Derwent London Plc (LON:DLN) has risen 7.61% since May 11, 2015 and is uptrending. It has outperformed by 8.20% 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 4.14 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 5.58 P/E ratio. The Company’s property portfolio includes investment property, owner-occupied property and trading property.