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Home / Momentum / Derwent London (DLN.L) 12-12-19

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Derwent London (DLN.L) 12-12-19

Will shares in Derwent London (DLN.L) continue to rally, setting new recent highs?

 

  • Now trading at 3724p (at time of writing), the share price performance has been very strong.
  • Will it end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should consider of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -2% from 12-month highs; +34% from 12 month lows.

Latest News

10 Dec:  Goldman Sachs reiterates its neutral rating on Derwent London (DLN) and increased the target price to 3722p (from 3269p).

02 Dec:  JP Morgan Cazenove has downgraded its rating on Derwent London (DLN) to underweight (from neutral).

28 Nov:  Morgan Stanley has upgraded its rating on Derwent London (DLN) up to overweight (from underweight) and increased the target price to 3850p (from 3300p).

15 Nov:  John Burns, CEO, sold 150,000 shares in the firm on the 15th November 2019 at a price of 3526.38p. This Director currently has 430,595 shares.

07 Nov:  Derwent posted an increase in lettings activity on lower vacancy rates in Q3.

05 Nov:  Goldman Sachs reiterates its neutral rating on Derwent London (DLN) and increased the target price to 3269p (from 3163p).

04 Nov:  Barclays Capital reiterates its underweight rating on Derwent London (DLN) and increased the target price to 3100p (from 3000p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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