Derwent London (OTCMKTS:DWVYF)‘s stock had its “buy” rating reaffirmed by research analysts at UBS Group in a research report issued on Thursday, The Fly reports.
Other analysts also recently issued research reports about the company. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Derwent London in a research note on Wednesday. Zacks Investment Research upgraded Derwent London from a “sell” rating to a “hold” rating in a research note on Tuesday, June 29th. Finally, Berenberg Bank restated a “buy” rating on shares of Derwent London in a research note on Thursday, March 25th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $46.00.
Derwent London stock remained flat at $$48.10 during trading hours on Thursday. The business’s fifty day simple moving average is $46.47. Derwent London has a 1 year low of $48.10 and a 1 year high of $48.10.
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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