Derwent London Plc (LON:DLN) had its target price decreased by equities researchers at Goldman Sachs Group Inc. from GBX 3,100 ($38.73) to GBX 3,035 ($37.92) in a research report issued to clients and investors on Wednesday. The firm presently has a “buy” rating on the real estate investment trust’s stock. Goldman Sachs Group Inc.’s price objective would suggest a potential upside of 28.06% from the stock’s previous close.
Several other analysts have also recently issued reports on the company. BNP Paribas reiterated an “underperform” rating on shares of Derwent London Plc in a research report on Tuesday, October 11th. Deutsche Bank AG cut Derwent London Plc to a “sell” rating and cut their target price for the stock from GBX 3,510 ($43.85) to GBX 2,000 ($24.99) in a research report on Tuesday, September 13th. Liberum Capital reiterated a “hold” rating and set a GBX 2,500 ($31.23) target price on shares of Derwent London Plc in a research report on Tuesday, October 4th. Jefferies Group cut their target price on Derwent London Plc from GBX 2,660 ($33.23) to GBX 2,257 ($28.20) and set a “hold” rating for the company in a research report on Thursday, October 27th. Finally, Barclays PLC cut their target price on Derwent London Plc from GBX 4,300 ($53.72) to GBX 3,500 ($43.73) and set an “overweight” rating for the company in a research report on Thursday, July 7th. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 2,905.63 ($36.30).
Derwent London Plc (LON:DLN) traded up 0.4237% during trading on Wednesday, hitting GBX 2369.9023. The stock had a trading volume of 165,935 shares. The stock’s market cap is GBX 2.64 billion. Derwent London Plc has a 12 month low of GBX 2,230.00 and a 12 month high of GBX 3,891.00. The stock has a 50 day moving average price of GBX 2,433.76 and a 200-day moving average price of GBX 2,759.68.