Derwent London stock gains 1.22 percent as analysts cut targets

Published on 09/28/2026 at 10:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Derwent London stock traded at GBp 1,832.00 on September 28, 2026, up 1.22 percent. Goldman Sachs and Berenberg lowered targets while retaining Buy ratings.

Moderne Bürogebäude in London, Symbolbild für Derwent London plc Immobilienportfolio — Fotorealistisches Bild moderner Bürohochhäuser in London zeigt Derwent London plc GB0002652740 Immobilienportfolio, Illustration mit AI erstellt.

Derwent London stock (ISIN GB0002652740) was trading at GBp 1,832.00 on September 28, 2026 at 9:17 a.m. BST, up 1.22 percent from the prior close of GBp 1,810.00. The move comes as recent broker updates lowered their valuation benchmarks for the London office REIT while retaining positive ratings.

Analysts lower their targets

According to Morningstar on September 7, 2026, Goldman Sachs cut its Derwent London price target to 2,450 pence from 2,480 pence and retained a Buy rating. The new target stands 33.73 percent above the September 28 price.

Morningstar reported on September 14, 2026, that Berenberg cut its target to 2,071 pence from 2,210 pence, also retaining Buy. That target is 13.04 percent above the latest quoted price, creating a clear spread between the market and broker assumptions.

Portfolio value anchors the story

Derwent London says its commercial real estate portfolio covered 5.2 million square feet and was valued at GBP 5.0 billion as of June 30, 2026. The portfolio is predominantly in central London, giving rental demand, financing costs and property valuations a direct role in the investment case.

The company is also executing a GBP 50.0 million share buyback. In a September 7, 2026 announcement, Investegate reported that Derwent London had purchased 2,480,485 shares for cancellation, leaving 109,819,192 ordinary shares in issue. The buyback provides a measurable capital-allocation counterweight to the lower broker targets.

Stock remains below its yearly high

Derwent London was trading between the session low of GBp 1,826.00 and the session high of GBp 1,836.00 on September 28, 2026, with volume of 3,116 shares at the quoted time. Its 52-week range was GBp 1,469.33 to GBp 2,196.00, while market capitalization stood at GBP 2.0 billion.

For investors, the next formal checkpoint is the scheduled Q3 2026 earnings release on November 5, 2026, listed by MarketScreener. Until then, the key comparison is between the current share price and broker targets ranging from 2,071 pence to 2,450 pence.