Jefferies cuts target for Derwent London stock to GBp 1,655
Published on 10/15/2026 at 19:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSJefferies target and valuation
- On October 14, 2026, Jefferies lowered its target to GBp 1,655 from GBp 1,713.
- Derwent London's property portfolio was valued at GBP 5.0 billion on June 30, 2026.
- Derwent London stock was last at GBp 1,872 on October 15, 2026, up 1.46 percent versus the prior close of GBp 1,845.
- The price-to-earnings ratio was 44.57 and market capitalization was GBP 2.1 billion.
Jefferies upgraded Derwent London to Hold from Underperform and cut its target from GBp 1,713 to GBp 1,655 on October 14, 2026, according to Markets Insider. The new target is 11.59 percent below the latest London price. Derwent London's price-to-earnings ratio is 44.57 and its market capitalization is GBP 2.1 billion. At the LSE, the stock was last at GBp 1,872 on October 15, 2026 at 4:35 p.m. London time, up 1.46 percent versus the prior close of GBp 1,845.
Property value reaches GBP 5.0 billion
Derwent London said its portfolio covered 5.2 million square feet and was valued at GBP 5.0 billion as of June 30, 2026, according to the company's Derwent London investor page. The company describes itself as an office-focused real estate investment trust centered on commercial properties in London.
The latest first-half picture was mixed. The Armchair Trader reported that EPRA earnings per share fell 6.70 percent to GBp 48.70 in the six months ended June 30, 2026, while net rental income declined 1.20 percent to GBP 92.9 million. The same report said EPRA net tangible assets fell to GBp 3,157 per share from GBp 3,225 at December 31, 2025, providing a second benchmark for the valuation discussion.
Stock sits inside its yearly range
Derwent London traded between GBp 1,800 and GBp 1,883 during the October 15 session. Its 52-week range was GBp 1,469.33 to GBp 2,196.00, placing the latest price 14.76 percent below the high and 27.40 percent above the low. Trading volume reached 666,567 shares against an average of 271,665.
Valuation and market comparison
The Jefferies target gives investors a dated external benchmark, but it sits below the latest price after the rating moved to Hold. The company also reported a 0.04 percent dividend yield in the market quotation.
Comparison with peers
Derwent London (LSE, GBp): plus 1.46 percent, P/E 44.57, market capitalization GBP 2.1 billion
Land Securities (LSE, GBp): plus 2.52 percent, P/E 14.16, market capitalization GBP 5.3 billion
British Land (LSE, GBp): plus 3.58 percent, P/E 9.18, market capitalization GBP 4.3 billion
Target and price remain the key markers
Jefferies' revised target and the gap between reported property value and market capitalization frame the current debate around Derwent London. The LSE quote stood at GBp 1,872 on October 15, 2026 at 4:35 p.m. London time, up 1.46 percent versus the prior close of GBp 1,845.
Derwent London market data
- Company: Derwent London plc
- ISIN: GB0002652740
- Ticker: DLN
- Primary exchange: London Stock Exchange
- Last price LSE (as of October 15, 2026, 4:35 p.m. London time): GBp 1,872.00
- Change versus prior close: plus 1.46 percent
- Prior close: GBp 1,845.00
- Market capitalization: GBP 2.1 billion (as of October 15, 2026)
- 52-week range: GBp 1,469.33-2,196.00 (as of October 15, 2026)
- Sector / Industry: Real Estate / REIT - Office
- Index membership: FTSE 250
Market context: Market report FTSE 100.
