November 30, 2016 - By Peter Erickson
London: In analysts report shared with investors and clients on Wednesday, 30 November, Exane BNP Paribas reconfirmed their Underperform rating on shares of Derwent London (LON:DLN). They currently have a GBX 2600.00 target price on the firm. Exane BNP Paribas’s target suggests a potential upside of 7.53% from the company’s previous close.
Out of 20 analysts covering Derwent London (LON:DLN), 7 rate it a “Buy”, 4 “Sell”, while 9 “Hold”. This means 35% are positive. GBX 4307 is the highest target while GBX 3 is the lowest. The GBX 2987.37 average target is 23.34% above today’s (GBX 2422) stock price. Derwent London has been the topic of 132 analyst reports since August 3, 2015 according to StockzIntelligence Inc. The company was maintained on Monday, October 19 by Deutsche Bank. The rating was maintained by BNP Paribas on Friday, July 15 with “Underperform”. The stock of Derwent London Plc (LON:DLN) earned “Hold” rating by Liberum Capital on Thursday, May 5. Morgan Stanley maintained Derwent London Plc (LON:DLN) on Wednesday, October 7 with “Hold” rating. Goldman Sachs maintained it with “Hold” rating and GBX 2950 target price in Friday, August 12 report. The firm earned “Overweight” rating on Tuesday, September 1 by JP Morgan. The stock of Derwent London Plc (LON:DLN) has “Hold” rating given on Monday, September 19 by Deutsche Bank. The stock has “Neutral” rating given by JP Morgan on Tuesday, September 6. The firm has “Underperform” rating by BNP Paribas given on Monday, February 1. The stock of Derwent London Plc (LON:DLN) has “Buy” rating given on Tuesday, September 20 by UBS.
About 136,431 shares traded hands. Derwent London Plc (LON:DLN) has declined 27.01% since May 2, 2016 and is downtrending. It has underperformed by 32.24% the S&P500.
Derwent London plc is a United Kingdom real estate investment trust operating in central London region. The company has a market cap of 2.70 billion GBP. The Firm owns and manages a portfolio of approximately 6.2 million square feet located in over 15 villages in London’s West End and City borders and focus on middle market rents. It has a 5.92 P/E ratio. The Company’s property portfolio includes investment property, owner-occupied property and trading property.
WisdomTree LargeCap Dividend Fund (the Fund) seeks investment results that closely correspond to the price and yield performance of the WisdomTree LargeCap Dividend Index (the Index). The Index is a fundamentally weighted index that measures the performance of the large-capitalization segment of the United States dividend-paying market. The Index consists of the 300 largest companies ranked by market capitalization from the WisdomTree Dividend Index.
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