Bank of America cut target for RENK Group stock to EUR 42.50

Published on 10/13/2026 at 01:01 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America cut its target for RENK Group stock from EUR 62.50 to EUR 42.50. First-half revenue reached EUR 1.366 billion on August 6, 2026.

Key points in brief

Bank of America cut its RENK Group target from EUR 62.50 to EUR 42.50 on October 1, 2026.
RENK Group secured a EUR 30.0 million Patria transmission order, with deliveries scheduled for 2027.
First-half 2026 revenue was EUR 1.366 billion and adjusted EBIT was EUR 230.0 million.
The Xetra closing price was EUR 34.69 on October 12, 2026, with market capitalization at EUR 3.5 billion.

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Bank of America cut its RENK Group target from EUR 62.50 to EUR 42.50 on October 1, 2026, and downgraded the shares to Hold. The move adds a valuation counterweight to a EUR 30.0 million Patria order announced on October 6, 2026.

Three dated RENK events

On September 28, 2026, JPMorgan reduced its target for RENK Group from EUR 75.00 to EUR 62.00 while retaining an Overweight rating, according to Boerse Global. The report said the view reflected expectations for a potentially weaker third quarter, with Vehicle Mobility Solutions stronger than Maritime and Industry.

On October 1, 2026, Bank of America cut its target from EUR 62.50 to EUR 42.50 and moved to Hold, the same Boerse Global report said. On October 6, 2026, Patria placed a EUR 30.0 million follow-on order for HSWL-076 transmissions for the TRACKX vehicle family, according to 4investors.

What does the order mean for margins?

The Patria contract is small beside RENK's first-half 2026 revenue of EUR 1.366 billion, representing 2.20 percent of that figure. The operating contribution matters more than the order's size: RENK reported adjusted EBIT of EUR 230.0 million and an adjusted EBIT margin of 16.9 percent for the first half, according to RENK Group.

Deliveries under the Patria order are scheduled to begin in 2027. That timing leaves the next earnings update as the nearer test of whether the production concerns behind the target cuts translate into reported margin pressure.

Next dates for RENK investors

RENK's calendar lists a US roadshow with Jefferies from October 14 through October 16, 2026, followed by a pre-close call on October 21, 2026, according to Boerse Global. The next quarterly report is scheduled for November 5, 2026, giving the market a defined date for testing third-quarter execution.

The Xetra closing price was EUR 34.69 on October 12, 2026. RENK Group's market capitalization was EUR 3.5 billion, and its 52-week range was EUR 33.49 to EUR 79.93. The further course of trading is shown by the continuously updated real-time quote of RENK Group stock.