Derwent London’s (DLN) Hold Rating Reaffirmed at Liberum Capital

Liberum Capital reaffirmed their hold rating on shares of Derwent London (LON:DLN) in a report released on Thursday. Liberum Capital currently has a GBX 3,100 ($40.51) price target on the real estate investment trust’s stock.

Several other brokerages have also weighed in on DLN. Peel Hunt reissued a hold rating on shares of Derwent London in a report on Thursday, August 9th. BNP Paribas raised Derwent London to a neutral rating and boosted their price target for the company from GBX 3,170 ($41.42) to GBX 3,230 ($42.21) in a research note on Tuesday, September 11th. Numis Securities decreased their price target on Derwent London from GBX 3,786 ($49.47) to GBX 3,745 ($48.94) and set a buy rating on the stock in a research note on Friday, August 10th. Finally, UBS Group reaffirmed a buy rating and issued a GBX 3,600 ($47.04) price target (up previously from GBX 3,500 ($45.73)) on shares of Derwent London in a research note on Friday, July 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and four have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and an average target price of GBX 3,099.23 ($40.50).

Shares of LON:DLN traded down GBX 5 ($0.07) during trading on Thursday, hitting GBX 3,109 ($40.62). 228,900 shares of the stock were exchanged, compared to its average volume of 287,770. Derwent London has a 1-year low of GBX 2,574 ($33.63) and a 1-year high of GBX 3,133 ($40.94).

Derwent London (LON:DLN) last announced its quarterly earnings data on Thursday, August 9th. The real estate investment trust reported GBX 51.80 ($0.68) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of GBX 50.30 ($0.66) by GBX 1.50 ($0.02).

In related news, insider Robert Rayne sold 10,000 shares of the business’s stock in a transaction on Friday, August 24th. The stock was sold at an average price of GBX 3,045 ($39.79), for a total value of £304,500 ($397,883.18).

Derwent London Company Profile

Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, making it the largest London-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

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Analyst Recommendations for Derwent London (LON:DLN)

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