Derwent London Plc (OTCMKTS:DWVYF) Given Consensus Recommendation of “Hold” by Brokerages
Derwent London Plc (OTCMKTS:DWVYF) has earned an average rating of “Hold” from the six research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and two have given a buy recommendation to the company.
A number of research analysts recently weighed in on the stock. ValuEngine raised shares of Derwent London from a “sell” rating to a “hold” rating in a report on Tuesday, March 24th. Jefferies Financial Group raised shares of Derwent London from an “underperform” rating to a “buy” rating in a report on Thursday, April 2nd. Barclays reaffirmed an “underweight” rating on shares of Derwent London in a research note on Thursday, June 4th. Goldman Sachs Group raised shares of Derwent London from a “neutral” rating to a “buy” rating in a research note on Thursday, April 2nd. Finally, Zacks Investment Research lowered shares of Derwent London from a “buy” rating to a “hold” rating in a research note on Wednesday, May 27th.
Shares of Derwent London stock remained flat at $$40.27 on Thursday. Derwent London has a 52 week low of $34.16 and a 52 week high of $40.27. The company’s 50-day moving average is $37.45 and its 200 day moving average is $38.90.
Derwent London plc owns 87 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion (including joint ventures) as at 31 December 2017, 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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