Derwent London Plc (LON:DLN)‘s stock had its ” underperform” rating reissued by BNP Paribas in a research report issued on Wednesday. They presently have a GBX 2,780 ($34.69) price target on the real estate investment trust’s stock. BNP Paribas’ price objective would suggest a potential upside of 13.42% from the stock’s previous close.
Several other equities analysts have also recently weighed in on the stock. Jefferies Group LLC cut shares of Derwent London Plc to an “underperform” rating and set a GBX 2,257 ($28.17) price target on the stock. in a research report on Thursday, January 19th. Numis Securities Ltd cut shares of Derwent London Plc to an “add” rating and dropped their price target for the company from GBX 3,164 ($39.49) to GBX 3,006 ($37.51) in a research report on Friday, January 13th. Canaccord Genuity reaffirmed a “hold” rating and issued a GBX 2,610 ($32.57) price target on shares of Derwent London Plc in a research report on Thursday, December 15th. Barclays PLC reaffirmed an “overweight” rating and issued a GBX 3,500 ($43.68) price target on shares of Derwent London Plc in a research report on Monday, December 12th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “buy” rating and issued a GBX 3,035 ($37.88) price target on shares of Derwent London Plc in a research report on Friday, November 11th. Four analysts have rated the stock with a sell rating, nine have issued a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 2,832.67 ($35.35).
Shares of Derwent London Plc (LON:DLN) opened at 2486.00 on Wednesday. Derwent London Plc has a one year low of GBX 2,230.00 and a one year high of GBX 3,507.80. The firm’s market cap is GBX 2.77 billion. The stock has a 50 day moving average price of GBX 2,656.59 and a 200 day moving average price of GBX 2,611.22.
Derwent London Plc 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.