Berenberg cuts Lenzing stock target from EUR 29.50 to EUR 17.00

Published on 10/16/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lenzing targets EUR 300 million on October 1, 2026. Lenzing stock costs EUR 11.06 on October 16, 2026 versus EUR 8.65 offer price.

Capital raising shapes Lenzing outlook

Lenzing targeted EUR 300 million in gross proceeds on October 1, 2026.
Berenberg cut its target from EUR 29.50 to EUR 17.00 on October 2, 2026.
Lenzing stock stood at EUR 11.06 at 8:31 a.m. CEST on October 16, 2026, at Stuttgart.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing stock (ISIN AT0000644505) stood at EUR 11.06 on Stuttgart on October 16, 2026, at 8:31 a.m. CEST. The company is carrying out a EUR 300 million rights issue while Berenberg has reduced its price target to EUR 17.00.

According to EQS News on October 1, 2026, Lenzing planned to issue 34,756,362 new shares at an offer price of EUR 8.65. The subscription ratio is 10 new shares for every 9 existing shares.

Financing brings a measurable reset

The rights issue is designed to strengthen Lenzing's capital structure and support its Grow Nonwovens, Reset Textiles strategy. The EUR 8.65 offer price gives the financing a clear benchmark against the EUR 11.06 Stuttgart quotation on October 16, 2026.

The transaction also changes the share count materially. If all 34,756,362 new shares are issued, the capital base will expand by a quantity equal to 90 percent of the existing share count implied by the 10 to 9 subscription ratio.

What does the target cut signal?

Trading-Treff reported that Berenberg cut its target from EUR 29.50 to EUR 17.00 on October 2, 2026 and lowered its rating from Buy to Hold. The report linked the decision to weaker pass-through from higher raw-material prices and the capital increase.

The chronology is clear: on October 1, 2026, Lenzing announced the EUR 300 million rights issue; on October 2, 2026, Berenberg reduced its target from EUR 29.50 to EUR 17.00; on October 14, 2026, the planned trading period for subscription rights ended while the issue still carried 34,756,362 new shares.

Two dates define the next steps

The subscription period is scheduled to end on October 20, 2026, and the international private placement of unsubscribed shares is planned for the same date. Delivery and trading of the new shares under the existing ISIN are scheduled to begin on October 23, 2026, subject to registration of the capital increase, according to EQS News.

Stock price and financing terms

The Stuttgart quotation stood at EUR 11.06 on October 16, 2026, at 8:31 a.m. CEST. Lenzing's market capitalization was EUR 815.9 million as of October 14, 2026, while its 52-week range was EUR 10.26 to EUR 29.60.

The further course of trading is shown by the continuously updated real-time quote of Lenzing stock.