Derwent London (LON:DLN) Given Hold Rating at Liberum Capital

Liberum Capital restated their hold rating on shares of Derwent London (LON:DLN) in a report issued on Friday morning, ThisIsMoney.Co.Uk reports.

A number of other equities analysts have also recently issued reports on the company. Berenberg Bank increased their target price on Derwent London from GBX 2,650 ($34.86) to GBX 2,800 ($36.83) and gave the stock a sell rating in a report on Wednesday, October 9th. Peel Hunt reissued a hold rating and issued a GBX 3,100 ($40.78) price target on shares of Derwent London in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered shares of Derwent London to an underweight rating in a research note on Monday, December 2nd. Barclays restated an underweight rating on shares of Derwent London in a report on Wednesday, November 27th. Finally, Peel Hunt reaffirmed a hold rating on shares of Derwent London in a research note on Tuesday, December 3rd. Five research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 3,318.77 ($43.66).

Shares of Derwent London stock opened at GBX 3,790 ($49.86) on Friday. The stock has a market capitalization of $4.27 billion and a PE ratio of 19.25. Derwent London has a 52 week low of GBX 2,775 ($36.50) and a 52 week high of GBX 3,800 ($49.99). The stock has a 50 day moving average price of GBX 3,611.60 and a two-hundred day moving average price of GBX 3,280.69. The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13.

In other Derwent London news, insider Simon P. Silver sold 10,000 shares of the stock in a transaction dated Wednesday, October 16th. The shares were sold at an average price of GBX 3,494 ($45.96), for a total value of £349,400 ($459,615.89). Also, insider John David Burns sold 150,000 shares of Derwent London stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of GBX 3,526 ($46.38), for a total transaction of £5,289,000 ($6,957,379.64). Over the last 90 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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