Berenberg cuts target for Derwent London stock to GBp 2,071

Published on 10/02/2026 at 16:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Quarterly earnings per share were negative GBp 16.59. Derwent London stock costs EUR 21.20 on October 2, 2026, up 1.68 percent from EUR 20.85.

Aquarellbild der Londoner Innenstadt mit Bürogebäuden und Fluss — Aquarellmalerei zeigt Londoner Skyline und Bürogebäude als künstlerische Hommage an Derwent London plc GB0002652740, Illustration mit AI erstellt.

Derwent London (ISIN GB0002652740) was trading at EUR 21.20 at Lang & Schwarz on October 2, 2026 at 4:39 p.m. CEST, plus 1.68 percent versus the prior close of EUR 20.85. According to MarketBeat on September 14, 2026, Berenberg cut its target from GBp 2,210.00 to GBp 2,071.00 while retaining a buy rating.

Berenberg lowers its target

The target reduction gives the latest broker signal a more cautious edge, even though Berenberg kept its buy view. The source also listed a mixed analyst picture, with four buy ratings, three hold ratings and two sell ratings, alongside a consensus target of GBp 1,939.12.

Forecasts point to income

Derwent London's investor consensus page, updated on September 23, 2026, compiled 16 estimates for 2026. Those forecasts put EPRA earnings per share at GBp 97.30 and dividend per share at GBp 82.10, providing a quantified income reference for the shares.

The company said on its investor page that its portfolio covered 5.2 million square feet and was valued at GBP 5.0 billion as of June 30, 2026. That asset base is the key counterweight to the broker target cut, because valuation and leasing conditions remain central to the investment case for a London office REIT.

Stock remains below its yearly high

Derwent London reported quarterly earnings per share of negative GBp 16.59 in the results cited by MarketBeat on September 14, 2026. The finance quote for the London listing showed a 52-week range of GBp 1,469.33 to GBp 2,196.00 as of October 2, 2026, placing the stock below its annual high in the same pence-based market context.

Next results date is November 5

The MarketScreener calendar lists November 5, 2026, as the earnings release date for the third quarter of 2026. For investors, the upcoming reporting point will test whether the forecast EPRA earnings per share of GBp 97.30 and the GBP 5.0 billion portfolio valuation are translating into operating progress.

Price holds above EUR 21

At Lang & Schwarz, Derwent London was trading intraday at EUR 21.20 on October 2, 2026 at 4:39 p.m. CEST, up 1.68 percent from the EUR 20.85 prior close. The further course of trading is shown by the continuously updated real-time quote of Derwent London stock.