Berenberg cuts target for Lenzing stock to EUR 17.00

Published on 10/13/2026 at 10:26 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lenzing planned EUR 300 million in new capital on October 1, 2026. Lenzing stock costs EUR 11.31 on October 13, 2026 versus EUR 8.65.

Berenberg cut its Lenzing target from EUR 29.50 to EUR 17.00 on October 2, 2026.
The company is carrying out a EUR 300 million capital increase with 34,756,362 new shares.
Lenzing stock was trading at EUR 11.31 at Lang & Schwarz on October 13, 2026 at 10:15 a.m. CEST.
The subscription period ends on October 20, 2026, while rights trading ends on October 14, 2026.

Lenzing, AT0000644505, Illustration mit AI erstellt.

Berenberg cut its target for Lenzing stock from EUR 29.50 to EUR 17.00 on October 2, 2026, according to Markets Insider. The downgrade followed Lenzing's capital increase and concerns about operating profitability.

Three dates shape the capital raise

On October 1, 2026, Lenzing announced a fully guaranteed rights issue sized at EUR 300 million. The offering covers 34,756,362 new shares at EUR 8.65 each, with nine new shares available for every 10 existing shares, according to EQS News.

On October 2, 2026, Berenberg moved its rating from Buy to Hold and reduced the target from EUR 29.50 to EUR 17.00, as Markets Insider reported. On October 13, 2026, the Lang & Schwarz quote stood at EUR 11.31.

What does the offer change?

The new shares represent a material increase in the share count, while the EUR 8.65 subscription price sits below the market quotation. EQS News said the price represented a 42.50 percent discount to the theoretical ex-rights price calculated from the September 30, 2026 closing price.

For investors, the key issue is the trade-off between stronger capitalization and dilution. The 10-to-9 ratio gives existing holders a defined participation route, while the EUR 17.00 Berenberg target remains EUR 5.69 above the Lang & Schwarz price. That gap is a market view, not a forecast by this article.

Rights timetable reaches its next deadline

The rights trading period runs through October 14, 2026, while the subscription period runs through October 20, 2026, according to Wiener Borse. The new shares are expected to begin trading on October 23, 2026, subject to registration of the capital increase.

Lenzing stock at EUR 11.31

Lenzing stock was trading at EUR 11.31 at Lang & Schwarz on October 13, 2026 at 10:15 a.m. CEST. The finance quote placed Lenzing's market capitalization at EUR 595.3 million at 8:10 a.m. CEST on the same date.

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