Berenberg keeps Buy on MLP stock at EUR 13.00 target

Published on 10/01/2026 at 10:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MLP's EBIT reached EUR 60.00 million in the first half of 2026 versus EUR 42.70 million. MLP stock costs EUR 9.86 on October 1, 2026 versus EUR 9.77.

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MLP stock was trading at EUR 9.86 at Lang & Schwarz on October 1, 2026 at 10:39 a.m. CEST, plus 0.92 percent versus the prior close of EUR 9.77. Berenberg kept its Buy rating and a EUR 13.00 price target in a strategy note dated September 24, 2026, according to FinanzNachrichten.

First-half EBIT rises to EUR 60.00 million

MLP's preliminary EBIT reached EUR 60.00 million in the first half of 2026, compared with EUR 42.70 million in the first half of 2025. That is a 40.52 percent increase based on the two reported figures.

The second-quarter contribution was also stronger: preliminary EBIT came to EUR 19.00 million, versus EUR 4.90 million in the second quarter of 2025. TradingView reported that MLP attributed the improvement to higher assets under management, increased performance-based fees and a better interest result.

2026 EBIT outlook stays at EUR 100.00-110.00 million

The same MLP release confirmed the full-year 2026 EBIT outlook at EUR 100.00 million to EUR 110.00 million. This leaves the first-half result at 54.55 percent to 60.00 percent of the published outlook range, a useful measure of the progress already made.

Berenberg's EUR 13.00 target stands 31.85 percent above the Lang & Schwarz price of EUR 9.86. The recommendation therefore rests on both the earnings trajectory and the expected benefit from Germany's pension reform, which the analyst identified as a potential driver for MLP.

Stock sits 1.00 percent below its high

MLP's 52-week range was EUR 5.85 to EUR 9.96 as of October 1, 2026. The Lang & Schwarz price was therefore 1.00 percent below the 52-week high, while the market capitalization stood at EUR 1.1 billion.

MLP is listed on Xetra under the ticker MLP and is a financial services group covering financial consulting, banking, wealth management and insurance-related activities. Its position in the SDAX gives the earnings trend an additional index context, but the more immediate reference remains the gap between the current price and Berenberg's target.

MLP stock trades at EUR 9.86

At Lang & Schwarz, MLP stock was trading at EUR 9.86 on October 1, 2026 at 10:39 a.m. CEST, up 0.92 percent versus the prior close of EUR 9.77. The further course of trading is shown by the continuously updated real-time quote of MLP stock.