Todays Report: The Goldman Sachs Group Inc. Downgraded Derwent London Plc (DLN) Price Target to GBX 3,035

The Goldman Sachs Group Inc. Downgraded Derwent London Plc (DLN) Price Target to GBX 3,035

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.

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