Derwent London Plc (LON:DLN) has earned a consensus recommendation of “Hold” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell rating, six have assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is GBX 2,940.50 ($37.98).
DLN has been the subject of a number of recent research reports. Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($37.45) price objective on shares of Derwent London Plc in a research note on Thursday, August 10th. J P Morgan Chase & Co reissued a “neutral” rating and set a GBX 3,200 ($41.33) price objective on shares of Derwent London Plc in a research note on Wednesday, May 31st. HSBC Holdings plc raised their price objective on shares of Derwent London Plc from GBX 2,817 ($36.38) to GBX 3,053 ($39.43) and gave the stock a “hold” rating in a research note on Thursday, August 17th. Liberum Capital reissued a “hold” rating and set a GBX 2,575 ($33.26) price objective on shares of Derwent London Plc in a research note on Monday, July 3rd. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 3,457 ($44.65) price objective on shares of Derwent London Plc in a research note on Friday, August 11th.
Shares of Derwent London Plc (DLN) traded down 1.39% on Thursday, hitting GBX 2770.00. The stock had a trading volume of 150,830 shares. Derwent London Plc has a one year low of GBX 2,341.00 and a one year high of GBX 3,021.00. The company’s 50 day moving average is GBX 2,798.62 and its 200 day moving average is GBX 2,790.85. The stock’s market cap is GBX 3.09 billion.
Derwent London Plc (LON:DLN) last issued its quarterly earnings data on Thursday, August 10th. The real estate investment trust reported $0.45 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.45. Derwent London Plc had a net margin of 146.08% and a return on equity of 7.38%. Equities research analysts predict that Derwent London Plc will post $88.58 EPS for the current fiscal year.
The company also recently announced a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 14th will be given a dividend of GBX 17.33 ($0.22) per share. The ex-dividend date is Thursday, September 14th. This represents a yield of 0.6%.
About Derwent London Plc
Derwent London plc is a United Kingdom-based real estate investment trust (REIT) operating in central London region. The Company owns and manages a portfolio of approximately 6.2 million square feet located in over 15 villages in London’s West End and City borders and focus on middle market rents. The Company’s property portfolio includes investment property, owner-occupied property and trading property.
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