Derwent London Plc -9.8% potential downside indicated by RBC Capital Markets

Derwent London Plc with ticker (LON:DLN) now has a potential downside of -9.8% according to RBC Capital Markets.



RBC Capital Markets set a target price of 2,750 GBX for the company, which when compared to the Derwent London Plc share price of 3,020 GBX at opening today (18/05/2022) indicates a potential downside of -9.8%. Trading has ranged between 2,774 (52 week low) and 3,850 (52 week high) with an average of 246,019 shares exchanging hands daily. The market capitalisation at the time of writing is £3,435,587,460.

Derwent London plc is a United Kingdom-based real estate investment trust (REIT) operating in central London region. The Company owns and manages a portfolio of approximately 5.7 million square feet of commercial real estate, predominantly in central London. The Company’s property portfolio includes investment property, owner-occupied property and trading property. The Company’s properties are located in London (West End central, West End borders/other and City borders), with the remainder in Scotland (Provincial). The Company’s subsidiaries include Asta Commercial Limited, BBR (Commercial) Limited, Caledonian Properties Limited, Caledonian Property Estates Limited, Caledonian Property Investments Limited, Carlton Construction & Development Company Limited, Central London Commercial Estates Limited, Charlotte Apartments Limited and Kensington Commercial Property Investments Limited.