Derwent London Plc (DLN) Received Average Recommendation of “Hold” by Analysts

Derwent London Plc (DLN) Received Average Recommendation of “Hold” by Analysts

Shares of Derwent London Plc (LON:DLN) have earned a consensus recommendation of “Hold” from the eleven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 3,185.13 ($41.62).

A number of analysts recently commented on DLN shares. Peel Hunt restated a “hold” rating on shares of Derwent London in a research note on Friday, November 23rd. Liberum Capital restated a “hold” rating on shares of Derwent London in a research note on Friday, October 19th. Goldman Sachs Group dropped their price target on shares of Derwent London from GBX 2,991 ($39.08) to GBX 2,976 ($38.89) and set a “neutral” rating on the stock in a research note on Tuesday, December 18th. Finally, Barclays cut shares of Derwent London to an “equal weight” rating and dropped their price target for the company from GBX 3,100 ($40.51) to GBX 2,900 ($37.89) in a research note on Tuesday, December 11th.

Shares of DLN stock opened at GBX 2,990 ($39.07) on Friday. Derwent London has a 12 month low of GBX 2,574 ($33.63) and a 12 month high of GBX 3,133 ($40.94).

Derwent London Company Profile

Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, 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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