RENK Group stock falls 3.80 percent as JPMorgan cuts target

Published on 09/29/2026 at 15:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RENK Group stock now carries a JPMorgan target of EUR 62.00, down from EUR 75.00 on September 28, 2026. First-half order intake reached EUR 1.2 billion.

Generischer Kettenpanzer fährt über staubigen Truppenübungsplatz, große Staubwolke — RENK Group AG DE000RENK730 – Kettenpanzer in Bewegung auf Truppenübungsplatz mit aufgewirbelter Staubwolke, Illustration mit AI erstellt.

RENK Group (ISIN DE000RENK730) stock was trading at EUR 38.46 at Lang & Schwarz on September 29, 2026 at 3:33 p.m. CEST, down 3.80 percent from the prior close of EUR 39.98. The move followed Investing.com reporting on September 28, 2026 that JPMorgan cut its price target from EUR 75.00 to EUR 62.00 while retaining its Overweight rating.

JPMorgan lowers the target

JPMorgan analyst David Perry expects the third-quarter operating result to disappoint, while forecasting strong results in Vehicle Mobility Solutions, according to Investing.com on September 28, 2026. The revised EUR 62.00 target is 61.16 percent above the Lang & Schwarz price of EUR 38.46, using the September 29, 2026 intraday quote.

The contrast is material: JPMorgan kept a positive rating even as it reduced the target by EUR 13.00, or 17.33 percent. That leaves the third-quarter mix between Vehicle Mobility Solutions and Maritime and Industry as the central operating test.

Order backlog reaches EUR 7.4 billion

RENK reported first-half 2026 revenue of EUR 637 million, up 2.70 percent, while adjusted EBIT rose 10.00 percent to EUR 98 million, according to Stockhouse on September 29, 2026. First-half order intake reached EUR 1.2 billion and the order backlog stood at EUR 7.4 billion.

For investors, the figures set a clear comparison: adjusted EBIT grew faster than revenue, but JPMorgan's warning shifts attention toward execution in the next quarter rather than backlog alone. The company also targets 2026 revenue above EUR 1.5 billion and adjusted EBIT of EUR 255 million to EUR 285 million.

November 5 brings the next test

RENK is scheduled to publish its third-quarter results on November 5, 2026, according to DER AKTIONÄR. The same report cites expectations for EUR 366 million in quarterly revenue, EUR 63 million in EBIT and a 17.20 percent EBIT margin.

Stock trades near its yearly low

RENK Group stock was trading at EUR 38.46 at Lang & Schwarz on September 29, 2026 at 3:33 p.m. CEST, down 3.80 percent versus the prior close of EUR 39.98 on September 28, 2026. The finance quote showed a 52-week range of EUR 37.40 to EUR 90.34 and a market capitalization of EUR 3.8 billion as of September 29, 2026.