Derwent London (OTCMKTS:DWVYF)‘s stock had its “buy” rating reissued by stock analysts at UBS Group in a research report issued on Thursday, The Fly reports.
A number of other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of Derwent London in a report on Wednesday. Berenberg Bank reaffirmed a “buy” rating on shares of Derwent London in a report on Thursday, March 25th. Finally, Zacks Investment Research raised Derwent London from a “sell” rating to a “hold” rating in a report on Tuesday, June 29th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $46.00.
Shares of OTCMKTS DWVYF remained flat at $$48.10 during midday trading on Thursday. Derwent London has a 12-month low of $48.10 and a 12-month high of $48.10. The business’s 50 day moving average price is $46.47.
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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