Berenberg cuts target for Wienerberger stock to EUR 19.00

Published on 10/13/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Wienerberger lowered 2026 EBITDA guidance to EUR 640-650 million. Wienerberger stock costs EUR 15.52 on October 13, 2026, 18.32 percent below target.

Key points in brief

Berenberg cut its Wienerberger price target from EUR 25.00 to EUR 19.00 on October 9, 2026 and kept a Buy rating.
Wienerberger lowered its fiscal 2026 operating EBITDA guidance to EUR 640 million to EUR 650 million on October 6, 2026.
The stock was trading at EUR 15.52 at Lang & Schwarz on October 13, 2026 at 9:46 a.m. CEST.
The company expects to publish its first nine months 2026 results on November 12, 2026.

Wienerberger, AT0000831706, Illustration mit AI erstellt.

Wienerberger (ISIN AT0000831706) was trading at EUR 15.52 at Lang & Schwarz on October 13, 2026 at 9:46 a.m. CEST. On October 9, 2026, Berenberg cut its price target from EUR 25.00 to EUR 19.00 and kept a Buy rating, according to Finanzen.at. The new target stands 18.32 percent above the Lang & Schwarz price.

Three dated signals for Wienerberger

The recent sequence shows how quickly the company picture changed. On September 24, 2026, BlackRock reported a 3.99 percent total position in Wienerberger, according to EQS News. On October 6, 2026, Wienerberger reduced fiscal 2026 operating EBITDA guidance to EUR 640 million to EUR 650 million, while third-quarter revenue was expected at EUR 1.20 billion to EUR 1.30 billion, per Wienerberger. On October 9, 2026, Berenberg lowered its target to EUR 19.00 from EUR 25.00 while retaining Buy.

Guidance puts demand under pressure

The October 6 trading update linked the lower outlook to weaker residential new-build activity in the United Kingdom, the United States and Canada, alongside higher energy, raw-material and logistics costs. Wienerberger expects third-quarter operating EBITDA of EUR 170 million to EUR 180 million, a range that frames the pressure before the full nine-month report.

Berenberg's revised 2026 earnings-per-share estimate was EUR 1.09, down from EUR 1.49, while its dividend estimate stayed at EUR 0.95 per share through 2028, according to Finanzen.at. That combination leaves the target dependent on a recovery in housing demand and on the cost measures taking effect.

What comes next for results?

Wienerberger's investor-relations calendar lists the GEWINN Messe in Vienna for October 22, 2026 and the results for the first three quarters of 2026 for November 12, 2026, according to Wienerberger. The November release is scheduled to include an update on the strategic review and accelerated cost-optimization measures.

Stock remains below analyst target

At EUR 15.52, Wienerberger stock was 18.32 percent below Berenberg's EUR 19.00 target on the same-currency comparison. The price was trading at EUR 15.52 at Lang & Schwarz on October 13, 2026 at 9:46 a.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Wienerberger stock.