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Derwent London (OTCMKTS:DWVYF) Shares Down 3.1% - Should You Sell?

Derwent London logo with Finance background

Key Points

  • Derwent London's share price has decreased by 3.1%, last trading at $22.20, with volume increasing significantly compared to average trading sessions.
  • Despite the recent drop, Citigroup has upgraded the stock from a "hold" to a "strong-buy" rating, indicating potential for growth.
  • Derwent London is the largest London office-focused REIT, owning a portfolio of 66 commercial buildings valued at £4.9 billion as of December 31, 2023.
  • Interested in Derwent London? Here are five stocks we like better.

Derwent London Plc (OTCMKTS:DWVYF - Get Free Report)'s share price fell 3.1% during mid-day trading on Friday . The company traded as low as $22.20 and last traded at $22.20. 87 shares traded hands during mid-day trading, an increase of 1,900% from the average session volume of 4 shares. The stock had previously closed at $22.90.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DWVYF. Citigroup upgraded shares of Derwent London from a "hold" rating to a "strong-buy" rating in a report on Thursday, May 1st. The Goldman Sachs Group reissued a "buy" rating on shares of Derwent London in a research report on Monday, May 19th.

View Our Latest Report on DWVYF

Derwent London Stock Down 3.1%

The company has a fifty day moving average of $22.87 and a 200-day moving average of $23.43.

About Derwent London

(Get Free Report)

Derwent London plc owns 66 buildings in a commercial real estate portfolio predominantly in central London valued at £4.9 billion as at 31 December 2023, making it the largest London office-focused real estate investment trust (REIT). Our experienced team has a long track record of creating value throughout the property cycle by regenerating our buildings via development or refurbishment, effective asset management and capital recycling.

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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