Derwent London stock completes GBP 50 million buyback

Published on 10/03/2026 at 22:42 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Derwent London stock has 109,748,146 shares outstanding after its GBP 50 million buyback. Berenberg set a GBp 2,071 target on September 14, 2026.

Isometrische 3D-Grafik einer Wertschöpfungskette im Immobiliensektor — Isometrische 3D-Illustration der Immobilien-Wertschöpfungskette veranschaulicht anschaulich das Geschäftsmodell von Derwent London plc GB0002652740, Illustration mit AI erstellt.

Derwent London stock (ISIN GB0002652740) stood at GBp 1,778 on the London Stock Exchange on October 2, 2026, up 0.62 percent from the prior close. The immediate company signal is the completed GBP 50 million share buyback program announced by Derwent London on September 9, 2026.

Buyback removes 2.6 million shares

Derwent London purchased 2,551,531 ordinary shares for cancellation at an average price of GBp 1,959, according to Derwent London on September 9, 2026. Following the cancellation, the company reported 109,748,146 shares in issue, giving the capital action a direct per-share effect rather than leaving it as a purely financial announcement.

The second GBP 25 million tranche accounted for 1,218,064 shares bought at an average GBp 2,052, while the final purchases covered 71,046 shares at GBp 1,944. The completed program therefore sits beside the operating figures as a measurable capital-allocation decision.

Analyst target stays above market price

Berenberg cut its price target for Derwent London to GBp 2,071 from GBp 2,210 on September 14, 2026, while retaining a Buy rating, according to MarketBeat. The revised target was GBp 293 above the October 2 market price, a 16.5 percent difference calculated against GBp 1,778.

The same MarketBeat report cited a consensus Hold rating and an average target of GBp 1,939.12. That figure is GBp 161.12 above the latest market price, showing that the published analyst view is more restrained than Berenberg's individual target.

Half year figures show valuation pressure

For the half year ended June 30, 2026, EPRA earnings per share fell 6.7 percent to 48.7 pence and net rental income declined 1.2 percent to GBP 92.9 million, according to The Armchair Trader on September 24, 2026. EPRA net tangible assets reached 3,157 pence per share at June 30, down from 3,225 pence at December 31, 2025.

Stock remains below yearly high

Derwent London stock had a 52-week range of GBp 1,469.33 to GBp 2,196 on October 2, 2026. Its market capitalization was GBP 2.0 billion and trading volume was 259,211 shares on the same date, while the latest price sat GBp 418 below the yearly high.