Derwent London (OTCMKTS:DWVYF) Sets New 12-Month Low on Analyst Downgrade

Derwent London Plc (OTCMKTS:DWVYFGet Rating)’s share price reached a new 52-week low on Monday after JPMorgan Chase & Co. lowered their price target on the stock from GBX 4,200 to GBX 3,050. The company traded as low as $28.70 and last traded at $28.70, with a volume of 0 shares traded. The stock had previously closed at $28.70.

DWVYF has been the subject of a number of other research reports. Barclays lowered their price objective on Derwent London from GBX 2,690 ($32.50) to GBX 2,500 ($30.21) in a research report on Tuesday, August 30th. Panmure Gordon cut Derwent London from a “buy” rating to a “hold” rating in a research report on Wednesday, June 15th. Finally, Berenberg Bank cut Derwent London from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st.

Derwent London Stock Performance

The stock has a 50-day simple moving average of $30.78 and a 200 day simple moving average of $35.57.

About Derwent London

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Derwent London plc owns 83 buildings in a commercial real estate portfolio predominantly in central London valued at £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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