Jefferies cuts LEG Immobilien target from EUR 82 to EUR 72 for LEG Immobilien stock

Published on 10/20/2026 at 10:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

LEG sold a Düsseldorf site for 1,600-1,800 apartments. LEG Immobilien stock costs EUR 45.59 on October 20, 2026, 0.93 percent below the Xetra close.

Housing sale and reporting dates

LEG Immobilien sold a Düsseldorf site on October 14, 2026, with 1,600-1,800 apartments planned.
Revenue reached EUR 342.40 million in the second quarter of 2026 versus EUR 340.90 million a year earlier, a 0.44 percent increase.
LEG Immobilien stock trades at EUR 45.59 at 10:09 a.m. CEST at Lang & Schwarz on October 20, 2026, 0.93 percent below the Xetra close of October 19, 2026.
LEG Immobilien is scheduled to publish its third-quarter update on November 12, 2026.

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LEG Immobilien stock (ISIN DE000LEG1110) was trading at EUR 45.59 at Lang & Schwarz on October 20, 2026, at 10:09 a.m. CEST, 0.93 percent below the Xetra close of October 19, 2026 at EUR 46.02. On October 14, 2026, MarketScreener reported that Jefferies cut its target for LEG from EUR 82 to EUR 72 while retaining a Buy rating.

What does the target cut change?

The lower target puts financing and external growth at the center of the investment case. Jefferies analyst Pierre-Emmanuel Clouard cited weaker external growth, slower dividend growth, renewed asset pressure and sector consolidation as risks, while saying refinancing risk was no longer the largest burden.

LEG's current price is 36.68 percent below the new EUR 72 target. The comparison is material because the stock is also 36.68 percent below the target even as the company moves forward with a large development transaction.

What changed in the latest updates?

On August 4, 2026, LEG's half-year update covered second-quarter revenue of EUR 342.40 million and net income of EUR 203.70 million, according to Markets Insider and the LEG Immobilien investor-relations page. Revenue was EUR 342.40 million versus EUR 340.90 million in the year-earlier quarter, an increase of 0.44 percent.

On October 14, 2026, LEG sold the Glasmacherviertel site in Düsseldorf-Gerresheim. The project is planned to deliver 1,600-1,800 apartments, with at least 80 percent designated as housing, according to the LEG Immobilien investor-relations page.

These three events mark the recent timeline: the August 4, 2026 half-year update, the October 14, 2026 Glasmacherviertel sale with 1,600-1,800 planned apartments, and the October 14, 2026 Jefferies target change from EUR 82 to EUR 72.

When does LEG report next?

The next scheduled company date is the third-quarter update on November 12, 2026. LEG is also listed for the Kepler Cheuvreux Pan-European Real Estate Conference on November 13, 2026, according to the LEG Immobilien financial calendar.

The stock stays below its target

For investors, the tension is clear: operating activity includes a 1,600-1,800-apartment development sale, while the latest analyst target has been reduced to EUR 72.

LEG Immobilien stock was trading at EUR 45.59 at Lang & Schwarz on October 20, 2026, at 10:09 a.m. CEST, minus 0.93 percent versus the Xetra close of October 19, 2026 at EUR 46.02. The further course of trading is shown by the continuously updated real-time quote of LEG Immobilien stock.