MPCM raises Mutares target to EUR 45.00. Mutares stock gains 5.30 percent.

Published on 10/22/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

MPCM lifts Mutares to EUR 45.00 from EUR 41.00. Mutares stock costs EUR 27.80 on October 22, 2026, plus 5.30 percent versus the Xetra close.

Targets and operating figures

MPCM raised its Mutares target from EUR 41.00 to EUR 45.00 on October 22, 2026.
Nord Gas Solutions reported EUR 43 million adjusted EBITDA against EUR 20 million in the first nine months of 2025.
Mutares stock trades at EUR 27.80 at 1:49 p.m. CEST at Lang & Schwarz on October 22, 2026, plus 5.30 percent versus the Xetra close of October 21, 2026.

Moderne Glas-Bürozentrale in München bei Sonnenuntergang mit Passanten auf der Plaza — Fotorealistische Bürozentrale in München symbolisiert Mutares SE & Co. KGaA, ISIN DE000A0Z23Y2, im warmen Abendlicht, Illustration mit AI erstellt.

Mutares (ISIN DE000A2NB650) trades at EUR 27.80 at Lang & Schwarz on October 22, 2026, at 1:49 p.m. CEST, up EUR 1.40 or 5.30 percent versus the Xetra close of October 21, 2026 at EUR 26.40. The latest catalyst is an analyst target increase from EUR 41.00 to EUR 45.00.

According to Goldesel on October 22, 2026, MPCM raised its target for Mutares from EUR 41.00 to EUR 45.00 and retained its Buy rating. At the Lang & Schwarz price, the new target lies 61.87 percent above the stock.

Three portfolio milestones

The recent sequence shows why the valuation debate is tied to portfolio execution. On September 25, 2026, Mutares announced a partial buyback offer for its Nordic Bond 2023/2027, with EUR 10.4 million of bonds accepted for repurchase, according to EQS News. On October 14, 2026, its portfolio company Nord Gas Solutions reported an EUR 880 million order backlog. The October 22, 2026 target increase is the latest event in that sequence.

What does EUR 45.00 mean?

The operating evidence comes from Nord Gas Solutions. In the first nine months of 2026, it reported EUR 459 million in revenue and adjusted EBITDA of EUR 43 million, compared with EUR 283 million and EUR 20 million in the same period of 2025. EQS News reported the figures on October 14, 2026.

Management expects Nord Gas Solutions to exceed EUR 575 million in revenue and reach adjusted EBITDA of EUR 50 million for fiscal year 2026. The same release said 92 percent of planned 2027 revenue was covered by the fixed backlog as of September 30, 2026. Those figures provide the operating comparison behind the higher analyst target, although the target itself remains an estimate.

Next dates are November 12 and 19

Mutares is scheduled to publish its third-quarter 2026 report on November 12, 2026, followed by a London Investor Day on November 19, 2026, according to the company's investor-relations calendar at Mutares. The reporting date will offer the next company-wide test of portfolio progress and financing demands.

Stock reaction and valuation

Mutares has a market capitalization of EUR 712.2 million as of October 22, 2026. The stock's 5.30 percent move places the analyst target increase alongside a same-day market reaction, while the November reporting date supplies the next quantified checkpoint.

Mutares was trading at EUR 27.80 at Lang & Schwarz on October 22, 2026 at 1:49 p.m. CEST, plus 5.30 percent versus the Xetra close of October 21, 2026 at EUR 26.40. The further course of trading is shown by the continuously updated real-time quote of Mutares stock.