Jefferies cuts target for Derwent London stock to GBp 1,655.00

Published on 10/20/2026 at 18:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Third-quarter results are due on November 5, 2026. Derwent London stock was GBp 1,834.00 on October 20, 2026, down 0.97 percent on the LSE.

Analyst action and reporting date

Jefferies moved its rating from Underperform to Hold and cut the target from GBp 1,713.00 to GBp 1,655.00 on October 14, 2026.
First-half 2026 revenue reached GBP 146.5 million, up 3.8 percent year over year.
Derwent London stock last traded at GBp 1,834.00 on October 20, 2026, down 0.97 percent versus GBp 1,852.00.

Schwarzweißfoto einer Baustelle mit Bürofassaden im Zentrum Londons — Schwarzweiß-Reportagefoto von Baustelle und Bürofassaden dokumentiert aktuelle Derwent London plc GB0002652740 Regenerierungsprojekte in London, Illustration mit AI erstellt.

Derwent London (ISIN GB0002652740) faces a lower Jefferies target after the brokerage moved its rating from Underperform to Hold and cut the target from GBp 1,713.00 to GBp 1,655.00 on October 14, 2026, as Markets Insider reported. The target is 9.76 percent below the stock's GBp 1,834.00 price. Derwent London last traded at GBp 1,834.00 on October 20, 2026 at 4:35 p.m. London time, down 0.97 percent versus GBp 1,852.00.

First-half figures set the baseline

Derwent London's first-half 2026 revenue was GBP 146.5 million, up 3.8 percent from the first half of 2025, while the company reported a net loss of GBP 18.6 million against a profit of GBP 94.5 million a year earlier, according to Simply Wall St. The earnings comparison shows why the rating change matters more than the daily price move: revenue grew, but reported profitability remained negative.

Stock position and valuation

On October 20, 2026, Derwent London traded at GBp 1,834.00, within its 52-week range of GBp 1,469.33 to GBp 2,196.00. The price stood 16.49 percent below the high and 24.81 percent above the low. Trading volume was 626,802 shares, compared with an average volume of 282,186 shares.

The company had a price-to-earnings ratio of 43.67 and a market capitalization of GBP 2.0 billion on October 20, 2026. The comparison is demanding against Land Securities, at 14.16 times earnings and GBP 5.4 billion, and British Land, at 9.08 times earnings and GBP 4.3 billion. Both peers traded on the LSE on the same date, with Land Securities down 0.69 percent and British Land up 0.43 percent.

What comes next for investors?

Derwent London is scheduled to report third-quarter 2026 results on November 5, 2026, according to Simply Wall St. That date gives the market a defined checkpoint after the first-half revenue increase and loss, while Jefferies' GBp 1,655.00 target remains below the latest LSE price.

Price and analyst view

Jefferies' October 14, 2026 decision puts the stock's valuation and property earnings in the foreground. The next reported period will show whether rental income and portfolio performance can improve the earnings picture that accompanied the GBP 18.6 million first-half loss.

Derwent London is listed on the LSE under ticker DLN. Its portfolio is focused on commercial real estate in central London, and its properties were valued at GBP 5.0 billion as of June 30, 2026.

Comparison with peers

Derwent London: down 0.97 percent, P/E 43.67, market capitalization GBP 2.0 billion

Land Securities (LSE, GBp): down 0.69 percent, P/E 14.16, market capitalization GBP 5.4 billion

British Land (LSE, GBp): up 0.43 percent, P/E 9.08, market capitalization GBP 4.3 billion

Derwent London stock at a glance

Derwent London last traded at GBp 1,834.00 on October 20, 2026 at 4:35 p.m. London time, down 0.97 percent versus the prior LSE price of GBp 1,852.00.