Derwent London (LON:DLN) was upgraded by equities research analysts at Credit Suisse Group to an “outperform” rating in a research report issued on Wednesday. The brokerage presently has a GBX 3,410 ($45.90) price target on the real estate investment trust’s stock, up from their previous price target of GBX 2,800 ($37.69). Credit Suisse Group’s price target suggests a potential upside of 19.48% from the stock’s current price.
A number of other equities research analysts have also issued reports on DLN. Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($39.03) target price on shares of Derwent London in a research note on Thursday, August 10th. Numis Securities reissued a “buy” rating and set a GBX 3,457 ($46.53) target price on shares of Derwent London in a research note on Friday, August 11th. Goldman Sachs Group reissued a “neutral” rating and set a GBX 3,010 ($40.51) target price on shares of Derwent London in a research note on Wednesday, September 27th. Liberum Capital reissued a “hold” rating and set a GBX 2,650 ($35.67) target price on shares of Derwent London in a research note on Thursday, August 10th. Finally, Barclays reissued an “overweight” rating and set a GBX 3,600 ($48.45) target price on shares of Derwent London in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,999.17 ($40.37).
Shares of Derwent London (LON DLN) opened at GBX 2,854 ($38.41) on Wednesday. Derwent London has a 52 week low of GBX 2,396 ($32.25) and a 52 week high of GBX 3,021 ($40.66).
In related news, insider Simon P. Silver sold 35,000 shares of Derwent London stock in a transaction on Tuesday, October 10th. The shares were sold at an average price of GBX 2,739 ($36.86), for a total value of £958,650 ($1,290,242.26).
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Derwent London Company Profile
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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