Berenberg cuts Lenzing target to EUR 17.00 for Lenzing stock

Published on 10/19/2026 at 09:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg cut its target from EUR 29.50 to EUR 17.00 on October 2, 2026. Lenzing stock costs EUR 10.79 on October 19, 2026 versus EUR 17.00.

Financing and valuation reset

Berenberg cut its Lenzing target from EUR 29.50 to EUR 17.00 on October 2, 2026.
Lenzing planned 34,756,362 new shares at EUR 8.65 each for the capital increase.
Lenzing stock traded at EUR 10.79 at 9:14 a.m. CEST at Lang & Schwarz on October 19, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Lenzing stock is at EUR 10.79 at Lang & Schwarz on October 19, 2026 at 9:14 a.m. CEST, while Berenberg had cut its target from EUR 29.50 to EUR 17.00 on October 2. Stock-World reported that the downgrade reflected doubts about how higher cotton and viscose prices were translating into earnings.

Berenberg resets the valuation

The target cut gives the financing story a tougher operating test. Lenzing's planned capital increase targets gross proceeds of EUR 300 million and includes 34,756,362 new shares priced at EUR 8.65 each, according to Trading-Treff.

Three financing milestones

On October 1, 2026, Lenzing announced the fully underwritten capital increase targeting EUR 300 million. On October 2, 2026, Berenberg cut its target from EUR 29.50 to EUR 17.00 and changed its rating from Buy to Hold. On October 15, 2026, directors Georg Kasperkovitz and Christian Skilich exercised subscription rights, Stock-World reported.

What must the next figures show?

The answer depends on whether the new capital improves financial flexibility and whether fiber prices begin to support reported earnings. The transaction also adds a specific dilution test because the company plans 34,756,362 additional shares, while the subscription price is EUR 8.65.

Dates for the next test

The subscription period is scheduled to end on October 20, 2026, with an international placement of unsubscribed shares planned for the same date. Delivery and trading of the new shares are planned for October 23, 2026, subject to registration, and third-quarter results are scheduled for November 5, 2026, according to Stock-World.

Price stays below the target

The current quote places the stock EUR 6.21 below Berenberg's EUR 17.00 target, but the target is an analyst estimate rather than a company forecast. The upcoming financing deadlines and November results therefore provide the next dated checkpoints for the valuation.

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