Berenberg raised its target. Hornbach stock falls 1.15 percent

Published on 10/20/2026 at 13:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg kept Hold as its target rose from EUR 90.00 to EUR 96.00. Hornbach stock costs EUR 86.20 on October 20, 2026, 1.15 percent below Xetra close.

Growth and analyst reassessment

Berenberg raised its Hornbach target from EUR 90.00 to EUR 96.00 on October 2, 2026.
First-half 2026/27 sales increased 6.0 percent to EUR 3.8 billion.
Hornbach stock trades at EUR 86.20 at 1:20 p.m. CEST at Lang & Schwarz on October 20, 2026, 1.15 percent below the Xetra close of October 19, 2026 at EUR 87.20.

Aquarellgemälde einer deutschen Kleinstadt in der Pfalz mit Einzelhandels-Hallengebäude — Hornbach Holding DE0006083405 als Aquarell-Landschaft mit deutschen Weinbergen und Handels-Gebäude in der Pfalz, Illustration mit AI erstellt.

Hornbach stock (ISIN DE0006083405) was trading at EUR 86.20 at Lang & Schwarz on October 20, 2026, at 1:20 p.m. CEST, down 1.15 percent versus the October 19 Xetra close. On October 2, 2026, Berenberg raised its price target from EUR 90.00 to EUR 96.00 while keeping a Hold rating, as Aktiencheck reported.

Analyst sees room above EUR 86.20

The revised target is 11.37 percent above the Lang & Schwarz price, calculated from EUR 86.20 to EUR 96.00. Berenberg cited continued market-share gains in key regions, but its unchanged Hold rating signals a more measured view than the higher target alone might suggest.

The latest operating figures support the positive sales backdrop. In the first half of fiscal 2026/27, HORNBACH Group net sales rose 6.0 percent to EUR 3.8 billion, while adjusted EBIT increased 4.9 percent to EUR 285.6 million. The figures covered March 1 through August 31, 2026, according to the Hornbach release.

Three milestones shaped the stock

On September 18, 2026, Hornbach announced six additional store locations in Germany, a concrete expansion step for its domestic network. On September 29, 2026, the company reported first-half sales of EUR 3.8 billion and adjusted EBIT of EUR 285.6 million. On October 2, 2026, Berenberg lifted its target from EUR 90.00 to EUR 96.00 while retaining Hold.

What comes next for Hornbach?

The next dated company event is the addition of the six Hellweg locations on December 1, 2026, subject to clearance by the German Federal Cartel Office. The stores are scheduled to reopen in spring 2027, according to the September 29 company release.

Reporting date and market level

HORNBACH's next quarterly statement is scheduled for December 22, 2026, according to the company's investor-relations calendar. The date gives investors a defined checkpoint for judging whether sales growth and expansion spending continue to coexist with the confirmed full-year outlook.

Stock remains below its yearly high

The stock's EUR 74.00 to EUR 90.20 52-week range places the current quote 4.43 percent below its high. Market capitalization stood at EUR 1.4 billion as of October 20, 2026, while the company remains included in the SDAX.

At Lang & Schwarz, Hornbach stock was trading at EUR 86.20 on October 20, 2026, at 1:20 p.m. CEST, 1.15 percent below the Xetra close of October 19, 2026 at EUR 87.20. The further course of trading is shown by the continuously updated real-time quote of Hornbach stock.