Derwent London (LON:DLN) Earns “Hold” Rating from Peel Hunt

Peel Hunt reissued their hold rating on shares of Derwent London (LON:DLN) in a research note released on Tuesday morning, ThisIsMoney.Co.Uk reports.

Several other equities analysts also recently commented on DLN. Berenberg Bank decreased their target price on Intu Properties from GBX 130 ($1.70) to GBX 100 ($1.31) and set a hold rating on the stock in a research report on Tuesday, May 7th. UBS Group set a $125.00 target price on Caterpillar and gave the company a sell rating in a research report on Friday, May 3rd. Goldman Sachs Group raised to a buy rating and set a GBX 1,180 ($15.42) target price on the stock in a research report on Tuesday, June 4th. Barclays downgraded to an underweight rating and set a GBX 4,400 ($57.49) price target on the stock. in a research report on Tuesday, June 18th. Finally, Numis Securities reissued a buy rating and set a GBX 1,800 ($23.52) price target on shares of in a research report on Monday, June 3rd. Five research analysts have rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 3,219 ($42.06).

DLN stock opened at GBX 3,108 ($40.61) on Tuesday. Derwent London has a 12-month low of GBX 2,745 ($35.87) and a 12-month high of GBX 3,352 ($43.80). The firm’s 50 day moving average price is GBX 3,175.92. The company has a debt-to-equity ratio of 22.96, a quick ratio of 0.23 and a current ratio of 0.46. The firm has a market cap of $3.47 billion and a price-to-earnings ratio of 15.63.

In other Derwent London news, insider Simon P. Silver sold 25,000 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of GBX 3,138 ($41.00), for a total transaction of £784,500 ($1,025,088.20).

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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