Derwent London (OTCMKTS:DWVYF) Hits New 52-Week High at $25.98

Derwent London Plc (OTCMKTS:DWVYF) hit a new 52-week high during trading on Monday . The stock traded as high as $25.98 and last traded at $25.98, with a volume of 0 shares. The stock had previously closed at $25.98.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on DWVYF shares. Jefferies Financial Group cut shares of Derwent London from a “buy” rating to a “hold” rating in a report on Wednesday, September 27th. The Goldman Sachs Group upgraded shares of Derwent London from a “neutral” rating to a “buy” rating in a report on Thursday, September 14th. Royal Bank of Canada upgraded shares of Derwent London from an “underperform” rating to a “sector perform” rating in a report on Monday, September 25th. Finally, Barclays dropped their target price on shares of Derwent London from GBX 2,200 ($27.52) to GBX 2,040 ($25.52) in a report on Thursday, August 24th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $2,372.50.

Derwent London Stock Performance

The company’s 50-day moving average price is $24.46 and its 200 day moving average price is $26.39.

Derwent London Company Profile

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £5.2 billion as at 30 June 2023, making it the largest London office-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.