DLN has been the subject of several other research reports. Berenberg Bank increased their price target on shares of Derwent London from GBX 2,650 ($34.63) to GBX 2,800 ($36.59) and gave the company a sell rating in a research report on Wednesday, October 9th. Liberum Capital reaffirmed a hold rating on shares of Derwent London in a research report on Thursday, November 7th. Peel Hunt reiterated a hold rating on shares of Derwent London in a research note on Tuesday, November 26th. Morgan Stanley raised shares of Derwent London to an overweight rating and increased their target price for the company from GBX 3,300 ($43.12) to GBX 3,850 ($50.31) in a research report on Thursday, November 28th. Finally, Barclays reissued an underweight rating on shares of Derwent London in a research report on Wednesday, November 27th. Five research 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. Derwent London currently has a consensus rating of Hold and an average price target of GBX 3,283.92 ($42.91).
Shares of LON:DLN opened at GBX 3,600 ($47.04) on Monday. The company’s 50-day moving average is GBX 3,585.64 and its 200 day moving average is GBX 3,265.29. The company has a debt-to-equity ratio of 23.91, a quick ratio of 0.57 and a current ratio of 1.13. The company has a market capitalization of $4.03 billion and a P/E ratio of 18.28. Derwent London has a fifty-two week low of GBX 2,775 ($36.26) and a fifty-two week high of GBX 3,694 ($48.27).
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 shares were sold at an average price of GBX 3,494 ($45.66), for a total value 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 transaction 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 90 days.
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: Operating Income
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