Will Derwent London (DLN.L) continue to rise?

• Now trading at 4140.34p (at time of writing), the share price momentum has been strong.
• Is this trend your friend?
• Could this appeal to momentum investors?
• Whilst the trend has been strong, remember that past patterns are not necessarily an indication of the future.
• Be mindful of new events and the influence they can have on price action. Check regularly for updates.
• Shares -1% from 12-month highs; +43% 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 signed a contract to dispose of its long leasehold interest in a London property to Deka Immobilien for around £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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