Berenberg cuts target for Wienerberger stock from EUR 25 to EUR 19

Published on 10/27/2026 at 10:25 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg kept Buy while cutting its target to EUR 19.00 on October 9, 2026. Wienerberger stock costs EUR 16.00 on October 27, 2026, above EUR 15.04.

Target reset and November dates

Berenberg cut its Wienerberger target to EUR 19.00 on October 9, 2026.
Wienerberger set full-year operating EBITDA guidance at EUR 640-650 million on October 6, 2026.
Wienerberger stock trades at EUR 16.00 at 10:13 a.m. CEST at Lang & Schwarz on October 27, 2026.
The first nine-month results are scheduled for November 12, 2026.

Wienerberger, AT0000831706, Illustration mit AI erstellt.

Wienerberger (ISIN AT0000831706) was trading at EUR 16.00 at Lang & Schwarz on October 27, 2026 at 10:13 a.m. CEST. The stock story is still defined by a lower earnings outlook and a reduced analyst target.

On October 9, 2026, Berenberg cut its price target for Wienerberger from EUR 25.00 to EUR 19.00 while keeping its Buy rating, according to MarketScreener. The target remains above the Lang & Schwarz price, but the cut shows how sharply expectations have changed.

Guidance points to margin pressure

In its October 6, 2026 trading update, wienerberger lowered full-year operating EBITDA guidance to EUR 640-650 million. The company cited weak residential construction demand and higher energy, raw-material and logistics costs.

The same release put expected third-quarter revenue at EUR 1.2-1.3 billion and expected operating EBITDA at EUR 170-180 million. Those figures are outlook values rather than reported results, so the November publication will show how much of the cost pressure reached the income statement.

Three dates changed the setup

On August 12, 2026, Wienerberger published its half-year 2026 results, as listed in MarketScreener. On October 6, 2026, management set the lower operating EBITDA range of EUR 640-650 million. On October 9, 2026, Berenberg reduced its target from EUR 25.00 to EUR 19.00 while retaining Buy.

What comes next for investors?

The next hard test is the first nine-month report due on November 12, 2026, when Wienerberger also plans an update on its strategic review and accelerated cost optimization measures. The investor-relations calendar also lists the BNP Paribas Exane MidCap CEO Conference for November 17, 2026.

Stock stays above its yearly low

At EUR 16.00, the Lang & Schwarz price stood above the EUR 15.04 52-week low reported for Wienerberger on October 27, 2026. The combination of reduced guidance, a lower target and the scheduled November report leaves operating earnings as the central test for the stock.

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