Derwent London (LON:DLN) Downgraded to “Underweight” at JPMorgan Chase & Co.

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JPMorgan Chase & Co. lowered shares of Derwent London (LON:DLN) to an underweight rating in a research report released on Monday, ThisIsMoney.Co.Uk reports.

DLN has been the topic of several other reports. Peel Hunt reaffirmed a hold rating and set a GBX 3,100 ($40.51) target price on shares of Derwent London in a report on Thursday, November 7th. Morgan Stanley raised Derwent London to an overweight rating and increased their price target for the company from GBX 3,300 ($43.12) to GBX 3,850 ($50.31) in a research note on Thursday, November 28th. UBS Group restated a buy rating on shares of Derwent London in a research report on Tuesday, November 5th. Liberum Capital reaffirmed a hold rating on shares of Derwent London in a research note on Thursday, November 7th. Finally, Deutsche Bank reiterated a buy rating on shares of Derwent London in a report on Friday, November 8th. Five analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Derwent London presently has an average rating of Hold and a consensus target price of GBX 3,283.92 ($42.91).

LON DLN opened at GBX 3,600 ($47.04) on Monday. The company has a market capitalization of $4.03 billion and a price-to-earnings ratio of 18.28. The company has a quick ratio of 0.57, a current ratio of 1.13 and a debt-to-equity ratio of 23.91. Derwent London has a twelve month low of GBX 2,775 ($36.26) and a twelve month high of GBX 3,694 ($48.27). The stock has a fifty day simple moving average of GBX 3,585.64 and a 200 day simple moving average of GBX 3,265.29.

In related news, insider Simon P. Silver sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of GBX 3,494 ($45.66), for a total transaction of £349,400 ($456,552.99). Also, insider John David Burns sold 150,000 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of GBX 3,526 ($46.07), for a total value of £5,289,000 ($6,911,015.29). Insiders sold a total of 250,183 shares of company stock worth $864,600,305 over the last three months.

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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