Barclays cuts Kering target to EUR 300.00. Kering stock falls 2.83 percent

Published on 10/02/2026 at 17:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi's target fell to EUR 243.00 from EUR 282.00 on October 2, 2026. Kering stock costs EUR 211.05 on October 2, 2026 versus EUR 217.20.

Flatlay mit Aktienzertifikat, ISIN-Karte und Luxusgüter-Utensilien auf dunklem Grund — Flatlay mit Aktienzertifikat und ISIN-Karte FR0000121485 illustriert Kapitalmarkt-Präsenz von Kering S.A. anschaulich, Illustration mit AI erstellt.

Barclays lowered its Kering price target from EUR 310.00 to EUR 300.00 on October 2, 2026, while confirming its Equal Weight recommendation, according to La Repubblica. Kering stock was trading at EUR 211.05 at Lang & Schwarz on October 2, 2026, down 2.83 percent from the prior close.

Barclays trims target before October sales

Barclays expects Kering's organic growth to slow to minus 1.50 percent in the third quarter of 2026, compared with its earlier flat-growth view, the report said. The target remains EUR 88.95 above the Lang & Schwarz price, a gap of 29.65 percent based on the target and price in euros.

Kering's third-quarter 2026 sales release is scheduled for October 22, 2026, according to Investing.com. The same report said Citi lowered its target from EUR 282.00 to EUR 243.00, leaving the analyst signal more cautious than the recovery ambitions discussed by management.

First-half profit fell 60.00 percent

Kering generated EUR 7.22 billion of revenue in the first half of 2026, while net income attributable to the group fell 60.00 percent to EUR 189 million, according to Ideal Investor. The same results showed a 5.00 percent comparable revenue decline at Gucci, making brand-level execution central to the turnaround story.

The first-half figures also included EUR 223 million of non-recurring charges, while the Kering Jewelry division delivered 20.00 percent comparable growth. That contrast explains why analysts are separating improving individual brands from the group's still-depressed earnings base.

Stock remains near its yearly low

The Lang & Schwarz quote sits EUR 7.85 above the 52-week low of EUR 203.20 and EUR 143.15 below the 52-week high of EUR 354.20, both dated October 2, 2026. Market capitalization stood at EUR 25.9 billion on the same date.

For investors, the critical test is whether the October sales update can support the recovery narrative while the latest analyst revisions point to slower near-term growth. Kering's CAC 40 membership and Euronext Paris listing keep the stock closely tied to the broader French luxury and consumer cycle.

October sales set the next test

Kering stock was trading at EUR 211.05 at Lang & Schwarz on October 2, 2026 at 5:12 p.m. CEST, down 2.83 percent versus the prior close of EUR 217.20 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of Kering stock.