Berenberg cuts Lenzing target to EUR 17.00 for Lenzing stock

Published on 10/08/2026 at 13:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lenzing stock costs EUR 11.10 on October 8, 2026, down 11.90 percent versus EUR 12.60. The rights issue covers 34,756,362 new shares at EUR 8.65.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing stock (ISIN AT0000644505) was trading at EUR 11.10 at Lang & Schwarz on October 8, 2026, down 11.90 percent from the EUR 12.60 prior close. According to finanzen.at on October 2, 2026, Berenberg cut its rating from Buy to Hold and reduced its price target from EUR 29.50 to EUR 17.00.

Berenberg flags earnings pressure

Berenberg analyst Sebastian Bray cited cotton and viscose raw-material prices that had not fed through to earnings as expected. The analysis also linked the weaker stance to Lenzing's planned capital increase and the financing environment.

The target cut is substantial: EUR 17.00 stands 42.86 percent above the Lang & Schwarz price of EUR 11.90? The comparison is not used because the live reference price is EUR 11.10, while the EUR 17.00 target is 53.15 percent above it. That gap leaves the target above the current euro quote, but the rating change points to a more cautious view of execution and earnings.

Half-year profit meets capital needs

Finanztrends reported that first-half 2026 net income reached EUR 35.60 million, up from EUR 15.20 million in the prior-year period. The same report put EBITDA at EUR 239.20 million, revenue at EUR 1.27 billion and free cash flow at EUR 45.80 million for the first half of 2026.

Lenzing's operating figures therefore improved on the prior-year comparison, while the company was also preparing a large equity transaction. According to EQS News on October 1, 2026, the rights issue covers 34,756,362 new shares at EUR 8.65 each, with a 10-for-9 subscription ratio.

Rights trading sets the next date

The subscription period runs through October 20, 2026, while rights trading is scheduled through October 14, 2026. The transaction is designed to strengthen the capital structure, but it also increases the number of shares and makes dilution a central issue for the market.

Global Banking and Finance Review identifies Lenzing under ticker LNZ.VI on the Wiener Börse and lists the company in the Materials sector. The source also identifies AT0000644505 as the Lenzing ISIN and the quotation currency as EUR.

Lenzing stock faces a decisive test

The live euro quote places the stock below Berenberg's reduced target and below the EUR 12.60 prior close at Lang & Schwarz. For investors, the key tension is the contrast between first-half profit improvement and the financing and dilution questions surrounding the capital increase.

The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.