Berenberg Bank Boosts Derwent London (LON:DLN) Price Target to GBX 2,800

Derwent London (LON:DLN) had its price objective hoisted by Berenberg Bank from GBX 2,650 ($34.63) to GBX 2,800 ($36.59) in a research note released on Wednesday, Digital Look reports. Berenberg Bank currently has a sell rating on the real estate investment trust’s stock.

Several other equities analysts have also recently weighed in on the company. Peel Hunt restated a hold rating on shares of Derwent London in a report on Monday, October 7th. Morgan Stanley reiterated an underweight rating on shares of Derwent London in a report on Monday, September 2nd. Royal Bank of Canada reiterated an underperform rating and issued a GBX 2,800 ($36.59) target price on shares of Derwent London in a report on Monday, June 24th. Goldman Sachs Group reiterated a neutral rating on shares of Derwent London in a report on Thursday, August 8th. Finally, Liberum Capital reiterated a hold rating on shares of Derwent London in a report on Thursday, August 8th. Five investment analysts have rated the stock with a sell rating, seven have given a hold rating and two have assigned a buy rating to the stock. Derwent London has an average rating of Hold and an average target price of GBX 3,230.58 ($42.21).

LON DLN opened at GBX 3,460 ($45.21) on Wednesday. The stock has a market capitalization of $3.86 billion and a PE ratio of 17.57. The business has a 50 day simple moving average of GBX 3,209.88 and a two-hundred day simple moving average of GBX 3,165.08. The company has a debt-to-equity ratio of 23.91, a current ratio of 1.13 and a quick ratio of 0.57. Derwent London has a 1-year low of GBX 2,745 ($35.87) and a 1-year high of GBX 3,386 ($44.24).



The business also recently announced a dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 12th will be issued a GBX 21 ($0.27) dividend. This represents a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, September 12th. Derwent London’s dividend payout ratio (DPR) is 0.35%.

In other Derwent London news, insider Simon P. Silver purchased 1,900 shares of the firm’s stock in a transaction that occurred on Friday, August 23rd. The stock was purchased at an average cost of GBX 3,140 ($41.03) per share, with a total value of £59,660 ($77,956.36). Also, insider John David Burns sold 90,183 shares of the firm’s stock in a transaction that occurred on Tuesday, October 1st. The stock was sold at an average price of GBX 3,335 ($43.58), for a total value of £3,007,603.05 ($3,929,966.09).

About Derwent London

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.

Further Reading: What is systematic risk?

Analyst Recommendations for Derwent London (LON:DLN)

Receive News & Ratings for Derwent London Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Derwent London and related companies with MarketBeat.com's FREE daily email newsletter.