Bernstein sets EUR 111.00 target for Krones stock

Published on 10/14/2026 at 10:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Krones stock costs EUR 107.10 on October 14, 2026 versus EUR 106.60. First-half EBITDA margin rose to 10.80 percent from 10.60 percent.

Analyst target and reporting date

Bernstein Research started coverage with a EUR 111.00 target on September 22, 2026.
First-half 2026 order intake rose 4.50 percent to EUR 2.85 billion, while the EBITDA margin reached 10.80 percent.
Krones stock traded at EUR 107.10 at 10:13 a.m. CEST on October 14, 2026, 0.47 percent above the Xetra close of October 13, 2026.
Krones is scheduled to report third-quarter 2026 results on November 6, 2026.

Aquarell einer bayerischen Flussstadt mit Altstadtsilhouette und Industriegebäuden im Hintergrund — Aquarellmalerei symbolisiert Krones AG DE0006335003 mit bayerischer Flusslandschaft, historischer Altstadt und fernen Industriegebäuden am Horizont, Illustration mit AI erstellt.

Krones stock (ISIN DE0006335003) was trading at EUR 107.10 at Lang & Schwarz on October 14, 2026, at 10:13 a.m. CEST, 0.47 percent above the Xetra close of EUR 106.60 on October 13, 2026. According to MarketScreener on September 22, 2026, Bernstein Research initiated coverage with a Market-Perform rating and a EUR 111.00 price target.

Krones events build the case

On March 20, 2026, Krones increased its dividend to EUR 2.80 per share, according to TradingView. On July 29, 2026, first-half order intake rose 4.50 percent to EUR 2,852.50 million from EUR 2,730.40 million a year earlier, while the EBITDA margin improved to 10.80 percent from 10.60 percent, Packaging News Daily reported. The September 22 Bernstein note was the latest of these three dated developments.

What does the target imply?

Bernstein's EUR 111.00 target stands 3.64 percent above the Lang & Schwarz price of EUR 107.10, using the same euro currency. The modest gap supports the report's cautious Market-Perform stance rather than signaling a large valuation reset.

The first-half operating picture was mixed. Order intake and the EBITDA margin improved, but first-half revenue was EUR 2,714.90 million against EUR 2,726.50 million a year earlier, while net income fell to EUR 138.90 million from EUR 145.80 million, according to Lightyear. That contrast explains why the order book offers visibility while earnings conversion remains important.

Reporting date and valuation

Krones is scheduled to report third-quarter 2026 results on November 6, 2026, according to Simply Wall St. The same source lists May 5, 2027, for the first-quarter 2027 results, giving investors a second dated checkpoint beyond the next quarterly release.

Stock remains below yearly high

Krones had a market capitalization of EUR 3.4 billion and a 52-week range of EUR 103.20 to EUR 144.20 on October 14, 2026. The current price is therefore EUR 37.10 below the yearly high, a gap of 25.73 percent, while the Xetra close used for the daily comparison was EUR 106.60 on October 13, 2026.

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