JPMorgan Chase & Co. Downgrades Derwent London (LON:DLN) to Underweight

JPMorgan Chase & Co. downgraded shares of Derwent London (LON:DLN) to an underweight rating in a research note issued to investors on Monday morning, Stock Target Advisor reports.

DLN has been the subject of several other reports. Goldman Sachs Group upped their price objective on Derwent London from GBX 3,163 ($41.33) to GBX 3,269 ($42.72) and gave the stock a neutral rating in a research report on Tuesday, November 5th. Barclays reiterated an underweight rating on shares of Derwent London in a report on Wednesday, November 27th. Peel Hunt reissued a hold rating and set a GBX 3,100 ($40.51) target price on shares of Derwent London in a research report on Thursday, November 7th. Berenberg Bank boosted their target price on Derwent London from GBX 2,650 ($34.63) to GBX 2,800 ($36.59) and gave the stock a sell rating in a research note on Wednesday, October 9th. Finally, Deutsche Bank reaffirmed a buy rating on shares of Derwent London in a report on Friday, November 8th. Five analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. Derwent London currently has a consensus rating of Hold and an average price target of GBX 3,283.92 ($42.91).

Derwent London stock opened at GBX 3,714 ($48.53) on Monday. Derwent London has a 1-year low of GBX 2,775 ($36.26) and a 1-year high of GBX 3,800 ($49.65). The company has a debt-to-equity ratio of 23.91, a current ratio of 1.13 and a quick ratio of 0.57. The stock has a market cap of $4.15 billion and a PE ratio of 18.86. The stock’s fifty day moving average is GBX 3,595.36 and its two-hundred day moving average is GBX 3,270.82.

In other news, insider John David Burns sold 150,000 shares of the stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of GBX 3,526 ($46.07), for a total value of £5,289,000 ($6,911,015.29). Also, insider Simon P. Silver sold 10,000 shares of the stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of GBX 3,494 ($45.66), for a total value of £349,400 ($456,552.99). In the last ninety days, insiders have sold 250,183 shares of company stock worth $864,600,305.

Derwent London Company Profile

Derwent London plc owns 86 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion (including joint ventures) as at 31 December 2018, 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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