Derwent London (DLN) Receives GBX 3,018.58 Consensus PT from Brokerages

Derwent London (LON:DLN) has received a consensus recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is GBX 3,018.58 ($41.70).

A number of analysts recently issued reports on DLN shares. Peel Hunt reissued a “hold” rating and set a GBX 2,900 ($40.07) price objective on shares of Derwent London in a research report on Tuesday, February 27th. Numis Securities reissued a “buy” rating and set a GBX 3,605 ($49.81) price objective on shares of Derwent London in a research report on Tuesday, February 27th. JPMorgan Chase reissued a “neutral” rating and set a GBX 3,300 ($45.59) price objective on shares of Derwent London in a research report on Tuesday, March 13th. Liberum Capital boosted their price target on Derwent London from GBX 2,650 ($36.61) to GBX 3,050 ($42.14) and gave the stock a “hold” rating in a research report on Monday, January 8th. Finally, Deutsche Bank boosted their price target on Derwent London from GBX 2,900 ($40.07) to GBX 3,000 ($41.45) and gave the stock a “hold” rating in a research report on Wednesday, March 14th.

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DLN remained flat at $GBX 3,102 ($42.86) during trading on Monday. Derwent London has a fifty-two week low of GBX 2,574 ($35.56) and a fifty-two week high of GBX 3,133 ($43.29).

The business also recently declared a dividend, which will be paid on Friday, June 8th. Shareholders of record on Thursday, May 3rd will be given a GBX 117.40 ($1.62) dividend. The ex-dividend date is Thursday, May 3rd. This represents a dividend yield of 4.05%. This is a boost from Derwent London’s previous dividend of $17.33.

In other news, insider David Silverman sold 337 shares of Derwent London stock in a transaction dated Friday, March 23rd. The stock was sold at an average price of GBX 3,027 ($41.82), for a total value of £10,200.99 ($14,093.66). Also, insider Helen Gordon acquired 858 shares of the company’s stock in a transaction dated Thursday, March 1st. The stock was acquired at an average price of GBX 2,898 ($40.04) per share, for a total transaction of £24,864.84 ($34,353.19).

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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.

Analyst Recommendations for Derwent London (LON:DLN)

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