Numis Securities reissued their add rating on shares of Derwent London (LON:DLN) in a research note released on Thursday, ThisIsMoney.Co.Uk reports.
Other analysts have also issued research reports about the stock. UBS Group reaffirmed a buy rating on shares of Derwent London in a research report on Wednesday, February 27th. Deutsche Bank raised shares of Derwent London to a buy rating and lifted their price objective for the stock from GBX 3,600 ($47.04) to GBX 3,700 ($48.35) in a research report on Wednesday, April 24th. Peel Hunt reiterated a hold rating on shares of Derwent London in a research note on Tuesday, February 26th. Liberum Capital reiterated a hold rating on shares of Derwent London in a research note on Tuesday, February 26th. Finally, HSBC raised shares of Derwent London to a hold rating in a research note on Thursday, January 24th. Four equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Derwent London presently has a consensus rating of Hold and an average target price of GBX 3,184 ($41.60).
DLN opened at GBX 3,270 ($42.73) on Thursday. The company has a debt-to-equity ratio of 22.96, a quick ratio of 0.23 and a current ratio of 0.46. Derwent London has a fifty-two week low of GBX 2,745 ($35.87) and a fifty-two week high of GBX 3,344 ($43.70). The stock has a market cap of $3.67 billion and a P/E ratio of 16.44.
In other Derwent London news, insider David Silverman sold 6,165 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of GBX 3,219 ($42.06), for a total value of £198,451.35 ($259,311.84). Also, insider Simon P. Silver sold 25,000 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of GBX 3,257 ($42.56), for a total transaction of £814,250 ($1,063,961.85).
About Derwent London
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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