Derwent London Plc (LON:DLN) has been assigned an average rating of “Hold” from the ten research firms that are presently covering the firm, MarketBeat Ratings reports. Three analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 3,437.57 ($44.91).
Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Derwent London from GBX 3,280 ($42.85) to GBX 3,400 ($44.42) and gave the company a “hold” rating in a research note on Thursday, March 11th.
LON:DLN opened at GBX 3,384 ($44.21) on Friday. The stock has a market cap of £3.80 billion and a P/E ratio of -48.04. Derwent London has a one year low of GBX 2,334 ($30.49) and a one year high of GBX 3,497 ($45.69). The company has a fifty day moving average price of GBX 3,311.42 and a 200 day moving average price of GBX 3,159.51. The company has a debt-to-equity ratio of 25.62, a current ratio of 2.83 and a quick ratio of 0.97.
In other news, insider John David Burns sold 7,137 shares of the business’s stock in a transaction on Tuesday, March 16th. The stock was sold at an average price of GBX 3,303 ($43.15), for a total value of £235,735.11 ($307,989.43). Also, insider David Silverman sold 90 shares of Derwent London stock in a transaction on Tuesday, March 23rd. The stock was sold at an average price of GBX 3,202 ($41.83), for a total value of £2,881.80 ($3,765.09).
About Derwent London
Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at Â£5.4 billion (including joint ventures) as at 30 June 2020, 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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