Berenberg raised target for Hornbach stock from EUR 90.00 to EUR 96.00

Published on 10/15/2026 at 13:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg kept Hold on October 2, 2026. Hornbach stock costs EUR 85.10 on October 15, 2026, 0.95 percent above the Xetra close.

Analyst view and operating progress

Berenberg raised its target from EUR 90.00 to EUR 96.00 on October 2, 2026.
Six-month adjusted EBIT rose 4.9 percent to EUR 285.6 million in fiscal 2026/27.
Hornbach stock trades at EUR 85.10 at 1:43 p.m. CEST at Lang & Schwarz on October 15, 2026, 0.95 percent above the Xetra close of October 14, 2026.

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 (ISIN DE0006083405) stock was trading at EUR 85.10 at Lang & Schwarz on October 15, 2026 at 1:43 p.m. CEST, 0.95 percent above the Xetra close of October 14, 2026 (EUR 84.30). On October 2, 2026, Berenberg raised its price target from EUR 90.00 to EUR 96.00 while keeping a Hold rating, as finanzen.at reported. The revised target puts the analyst view 12.81 percent above the Lang & Schwarz price.

Results support the revised target

The operating picture behind the target change is measurable. In the first six months of fiscal 2026/27, net sales rose 6.0 percent to EUR 3,816.2 million, while adjusted EBIT increased 4.9 percent to EUR 285.6 million, according to Hornbach on September 29, 2026. The adjusted EBIT margin was 7.5 percent, compared with 7.6 percent in the prior-year period.

Quarterly momentum was stronger than the half-year average. Second-quarter sales increased 7.3 percent to EUR 1,813.7 million, and adjusted EBIT climbed 12.8 percent to EUR 124.6 million. The company confirmed fiscal 2026/27 guidance for sales at or slightly above EUR 6.4 billion and adjusted EBIT at approximately EUR 264.7 million.

What does EUR 96.00 imply?

The target is not a forecast from this article, but it gives the stock a defined comparison point: EUR 96.00 is 12.81 percent above the Lang & Schwarz price. The counterweight is margin pressure. Hornbach reported a six-month gross margin of 34.6 percent, down from 34.9 percent, citing higher procurement and logistics costs.

Three dates frame the story

On September 29, 2026, Hornbach reported first-half sales of EUR 3,816.2 million. On October 2, 2026, Berenberg lifted its target from EUR 90.00 to EUR 96.00 while retaining Hold. On October 15, 2026, the stock stood at EUR 85.10 at Lang & Schwarz, versus the EUR 84.30 Xetra close.

Upcoming dates include two investor events

Hornbach's investor-relations calendar lists a Capital Markets Forum in Mannheim on November 4, 2026, and the publication of the third-quarter statement on December 22, 2026, according to Hornbach. The December statement will test whether the first-half operating progress is carrying into the second half.

Market value stays below the yearly high

Finance data put Hornbach's market capitalization at EUR 1.4 billion on October 15, 2026, with a 52-week range of EUR 74.00 to EUR 90.20. The current price is 5.65 percent below that high, leaving the analyst target above both the intraday quote and the upper end of the recent trading range. Hornbach stock was trading at EUR 85.10 at Lang & Schwarz on October 15, 2026 at 1:43 p.m. CEST, 0.95 percent above the Xetra close of October 14, 2026 (EUR 84.30). The further course of trading is shown by the continuously updated real-time quote of Hornbach stock.