Derwent London Plc 23.1% potential upside indicated by Berenberg Bank

Derwent London Plc with ticker (LON:DLN) now has a potential upside of 23.1% according to Berenberg Bank.



Berenberg Bank set a target price of 2,512 GBX for the company, which when compared to the Derwent London Plc share price of 2,040 GBX at opening today (19/01/2024) indicates a potential upside of 23.1%. Trading has ranged between 1,766 (52 week low) and 2,750 (52 week high) with an average of 152,117 shares exchanging hands daily. The market capitalisation at the time of writing is £2,304,209,268.

Derwent London Plc is a United Kingdom-based real estate investment trust (REIT). The Company is an office specialist property regenerator and investor. The Company owns and manages an investment portfolio of 5.5 million square feet, of which 99% is located in central London, with a specific focus on the West End and the areas bordering the City of London, with the latter principally in the Tech Belt. Its properties are located in London (West End central, West End borders/other and City borders), with the remainder in Scotland (Provincial). Its portfolio includes 80 Charlotte Street, The Featherstone Building, Soho Place, Brunel Building, 25 Baker Street, White Collar Factory, Network, Tea Building, The White Chapel Building, Greencoat and Gordon House, Middlesex House, 25 Savile Row, Rathbone Studios, Turnmill, Morelands, Angel Building, Horseferry House and others. Its subsidiaries include Asta Commercial Limited, BBR (Commercial) Limited, Caledonian Properties Limited and others.