Erste Group raised target for Strabag stock to EUR 124.00

Published on 10/08/2026 at 12:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Strabag stock cost EUR 99.20 on October 8, 2026, down 2.84 percent versus EUR 102.10. Erste set EUR 124.00 target on September 11, 2026.

Strabag, AT000000STR1, Illustration mit AI erstellt.

Strabag (ISIN AT000000STR1) was trading at EUR 99.20 at Lang & Schwarz on October 8, 2026 at 12:11 p.m. CEST, down 2.84 percent versus the prior close of EUR 102.10. On September 11, 2026, Erste Group raised its target for Strabag from EUR 109.50 to EUR 124.00 and maintained its Buy rating, finanzen.at reported. The target revision gives the stock a clearly different reference point from its current euro quotation.

Target reset meets stronger earnings

Erste Group's new target followed a stronger first half, with the analyst report citing growth and profitability as the basis for the recommendation. The report also lifted its 2026 earnings-per-share estimate from EUR 6.55 to EUR 7.59 and its dividend estimate from EUR 2.80 to EUR 3.20 per share.

The company's first-half operating picture provides the underlying context. The STRABAG investor-relations page reported output of EUR 10 billion for the first half of 2026 and an order backlog of EUR 36 billion.

First-half output reaches EUR 10 billion

The first-half output was up 12.00 percent from the prior-year period, while the order backlog increased 27.00 percent year over year. That combination matters because the backlog-to-output ratio reached 1.6 years, extending visibility beyond the immediate construction cycle.

The earnings call transcript also reported first-half EBIT of EUR 174 million, up 35.00 percent year over year, and net income after minorities of EUR 119 million versus EUR 95 million in the prior-year period. The EBIT figure included EUR 50 million of goodwill amortization related to a recent acquisition, Yahoo Finance reported.

Stock trades below prior close

At EUR 99.20, the Lang & Schwarz quote stood EUR 2.90 below the prior close of EUR 102.10 on October 8, 2026. The next scheduled company update listed on the investor-relations page is the January to September 2026 trading statement on November 12, 2026. The further course of trading is shown by the continuously updated real-time quote of Strabag stock.