Derwent London Plc (OTCMKTS:DWVYF)’s stock price reached a new 52-week low on Thursday . The stock traded as low as $33.77 and last traded at $33.77, with a volume of 283 shares changing hands. The stock had previously closed at $37.00.
A number of analysts have commented on the stock. Zacks Investment Research cut shares of Derwent London from a “buy” rating to a “hold” rating in a research note on Wednesday. HSBC upgraded shares of Derwent London from a “reduce” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Barclays reissued an “underweight” rating on shares of Derwent London in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.00.
The business has a fifty day moving average price of $37.80 and a 200-day moving average price of $37.11.
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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