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

• Now trading at 4102p (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; +42% from 12 month lows.

Latest News

16 Jan:  JP Morgan Cazenove reiterates its underweight rating on Derwent London (DLN) and increased the target price to 3720p (from 3500p).

15 Jan:  Bank of America Merrill Lynch reiterates its buy rating on Derwent London (DLN) and increased the target price to 4580p (from 4000p).

06 Jan:  UBS reiterates its buy rating on Derwent London (DLN) and increased the target price to 4425p (from 3750p).

23 Dec:  Derwent London announced it had reached an agreement to sell its leasehold interest in an office property, located in London, for £121.3m.

18 Dec:  Deutsche Bank has downgraded its rating on Derwent London (DLN) to hold (from buy) and increased the target price to 3780p (from 3700p).

17 Dec:  Peel Hunt reiterates its hold rating on Derwent London (DLN) and increased the target price to 3850p (from 3100p).

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

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