Bank of America drops Buy call on RENK Group stock

Published on 10/06/2026 at 13:23 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RENK Group stock is EUR 36.35 on October 6, 2026, down 3.20 percent versus EUR 37.55. Revenue reached EUR 1.4 billion in the first half of 2026.

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RENK Group stock was trading at EUR 36.35 at Lang & Schwarz on October 6, 2026 at 1:16 p.m. CEST, down 3.20 percent from the EUR 37.55 prior close. On October 1, 2026, FinanzNachrichten reported that Bank of America removed its Buy recommendation for RENK because it questioned whether gearbox production could remain at its current level.

BofA questions production stability

Bank of America analyst David Holmes said the production concern could limit RENK's long-term valuation potential, despite the company's attractive service business, according to FinanzNachrichten. The assessment puts delivery capacity beside aftermarket revenue as the key tension in the investment case.

H1 results show operating scale

RENK's investor-relations page reported EUR 1.366 billion revenue, EUR 230.0 million adjusted EBIT and EUR 1.571 billion order intake for the first half of 2026. Adjusted EBIT margin was 16.90 percent, while total order backlog reached EUR 6.7 billion, according to RENK Group on August 6, 2026.

The order intake figure is the clearest counterweight to the production concern. It gives the company EUR 6.7 billion of contracted visibility, while the 16.90 percent adjusted EBIT margin shows the profitability attached to that backlog.

JPMorgan cuts target to EUR 62

JPMorgan kept its Overweight rating but cut its RENK price target from EUR 75.00 to EUR 62.00 on September 28, 2026, according to FinanzNachrichten. Analyst David Perry expected a potentially weaker third-quarter operating result but stronger results in Vehicle Mobility Solutions.

Stock sits near its yearly low

The Lang & Schwarz price of EUR 36.35 stood above the EUR 36.17 52-week low and below the EUR 85.10 high on October 6, 2026. Market capitalization was EUR 3.6 billion, and the primary listing is on Xetra within the MDAX.

Trading reference for RENK

RENK was trading at EUR 36.35 at Lang & Schwarz on October 6, 2026 at 1:16 p.m. CEST, down 3.20 percent versus the EUR 37.55 prior close at Lang & Schwarz on October 5, 2026. The further course of trading is shown by the continuously updated real-time quote of RENK Group stock.