Derwent London Plc (LON:DLN)‘s stock had its “buy” rating restated by research analysts at Canaccord Genuity in a report released on Friday, MarketBeat.com reports. They currently have a GBX 4,307 ($61.36) price objective on the real estate investment trust’s stock. Canaccord Genuity’s price target would suggest a potential upside of 36.43% from the stock’s current price.

Derwent London Plc (LON:DLN) traded up 2.439% on Friday, reaching GBX 3234.000. 156,855 shares of the company traded hands. Derwent London Plc has a 52-week low of GBX 3,094.01 and a 52-week high of GBX 3,891.00. The company’s market capitalization is GBX 3.59 billion. The stock has a 50-day moving average of GBX 3,490.45 and a 200 day moving average of GBX 3,635.77.

Several other research firms have also recently weighed in on DLN. Goldman Sachs reissued a “neutral” rating on shares of Derwent London Plc in a report on Tuesday, November 3rd. Credit Suisse raised their target price on shares of Derwent London Plc from GBX 3,650 ($52.00) to GBX 4,280 ($60.98) and gave the stock a “neutral” rating in a report on Monday, October 26th. Jefferies Group reaffirmed a “hold” rating and set a GBX 3,608 ($51.40) target price on shares of Derwent London Plc in a report on Monday, November 23rd. Liberum Capital reaffirmed a “hold” rating and set a GBX 3,918 ($55.82) target price on shares of Derwent London Plc in a report on Tuesday, December 1st. Finally, Barclays reaffirmed an “overweight” rating and set a GBX 4,180 ($59.55) target price on shares of Derwent London Plc in a report on Thursday, November 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and seven have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of GBX 3,925.29 ($55.92).

Derwent London Plc is a United Kingdom-based real estate investment trust (LON:DLN) operating in central London region. The Company owns and manages a portfolio of 5.7 million square feet located in 17 villages in London’s West End and City borders and focus on middle market rents. The Company’s property portfolio includes investment property, owner-occupied property and trading property. The Company’s 70% properties can be found in the West End and 28% in the City borders. The Company’s subsidiaries include Derwent London Charlotte Street Limited, Caledonian Property Estates Limited, Caledonian Property Investments Limited, Derwent Central Cross Limited, Derwent London KSW Limited, Derwent Valley Limited, The New River Company Limited and Derwent London Capital (Jersey) Limited, among others.

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