Trade Report: The Jefferies Group Downgraded Derwent London Plc (DLN) Price Target to GBX 2,257

The Jefferies Group Downgraded Derwent London Plc (DLN) Price Target to GBX 2,257

Derwent London Plc (LON:DLN) had its price objective lowered by Jefferies Group from GBX 2,660 ($32.42) to GBX 2,257 ($27.51) in a report issued on Thursday. The firm currently has a “hold” rating on the real estate investment trust’s stock. Jefferies Group’s price objective would suggest a potential downside of 6.81% from the stock’s current price.

Several other research analysts have also recently weighed in on the stock. BNP Paribas reiterated an “underperform” rating on shares of Derwent London Plc in a report on Tuesday, October 11th. Liberum Capital reiterated a “hold” rating and issued a GBX 2,500 ($30.47) price target on shares of Derwent London Plc in a report on Tuesday, October 4th. Deutsche Bank AG reiterated a “sell” rating and issued a GBX 2,000 ($24.38) price target on shares of Derwent London Plc in a report on Tuesday, October 4th. HSBC upped their price target on shares of Derwent London Plc from GBX 2,525 ($30.77) to GBX 2,887 ($35.19) and gave the company a “hold” rating in a report on Friday, September 30th. Finally, JPMorgan Chase & Co. cut shares of Derwent London Plc to a “neutral” rating and reduced their price target for the company from GBX 4,150 ($50.58) to GBX 3,200 ($39.00) in a report on Tuesday, September 6th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of GBX 2,978.71 ($36.30).

Derwent London Plc (LON:DLN) opened at 2425.1323 on Thursday. The company has a 50-day moving average of GBX 2,537.73 and a 200-day moving average of GBX 2,878.03. The firm’s market capitalization is GBX 2.70 billion. Derwent London Plc has a 1-year low of GBX 2,230.00 and a 1-year high of GBX 3,891.00.

The business also recently disclosed a dividend, which was paid on Friday, October 21st. Stockholders of record on Thursday, September 15th were given a GBX 13.86 ($0.17) dividend. This represents a dividend yield of 0.51%. The ex-dividend date was Thursday, September 15th.

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