Derwent London Plc (LON:DLN)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 3,800 ($49.99) and last traded at GBX 3,780 ($49.72), with a volume of 14241 shares traded. The stock had previously closed at GBX 3,792 ($49.88).
DLN has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of Derwent London to an “overweight” rating and raised their price objective for the company from GBX 3,300 ($43.41) to GBX 3,850 ($50.64) in a research note on Thursday, November 28th. Berenberg Bank raised their price objective on shares of Derwent London from GBX 2,650 ($34.86) to GBX 2,800 ($36.83) and gave the company a “sell” rating in a research note on Wednesday, October 9th. UBS Group restated a “buy” rating on shares of Derwent London in a research note on Tuesday, November 5th. Peel Hunt restated a “hold” rating on shares of Derwent London in a research note on Tuesday, December 3rd. Finally, Liberum Capital restated a “hold” rating on shares of Derwent London in a research note on Friday, December 6th. Five research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 3,318.77 ($43.66).
The firm has a market capitalization of $4.27 billion and a P/E ratio of 19.40. The company has a current ratio of 1.13, a quick ratio of 0.57 and a debt-to-equity ratio of 23.91. The business’s 50 day simple moving average is GBX 3,615.56 and its two-hundred day simple moving average is GBX 3,283.19.
In other news, insider John David Burns sold 150,000 shares of the firm’s stock in a transaction dated Friday, November 15th. The shares were sold at an average price of GBX 3,526 ($46.38), for a total transaction of £5,289,000 ($6,957,379.64). Also, insider Simon P. Silver sold 10,000 shares of the firm’s 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 transaction of £349,400 ($459,615.89). Over the last 90 days, insiders have sold 250,183 shares of company stock valued at $864,600,305.
About Derwent London (LON:DLN)
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: When can a hold rating present a buying opportunity?
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