Berenberg keeps EUR 63.00 target for Bilfinger stock

Published on 10/09/2026 at 14:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg's September 28, 2026 note lists EUR 63.00. Bilfinger stock costs EUR 54.90 in trading after EUR 54.45, plus 0.83 percent.

Key points in brief

Berenberg maintained a EUR 63.00 target and Hold rating for Bilfinger on September 28, 2026.
Bilfinger's 2026 outlook includes revenue of EUR 5.3 billion to EUR 5.7 billion and an EBITA margin of 3.20 percent to 3.60 percent.
The Lang & Schwarz price was EUR 54.90 on October 9, 2026, plus 0.83 percent versus the EUR 54.45 prior close.
Bilfinger is listed on Xetra and is a member of the MDAX.

Bilfinger-Techniker in Schutzausrüstung bei der Rohrleitungswartung in einer Raffinerie — Bilfinger SE (DE0005201602) Techniker warten Rohrleitungen in einer petrochemischen Industrieanlage bei Sonnenuntergang, Illustration mit AI erstellt.

Bilfinger (ISIN DE0005909006) was trading at EUR 54.90 at Lang & Schwarz on October 9, 2026 at 2:30 p.m. CEST, up 0.83 percent versus the prior close of EUR 54.45. Berenberg kept its EUR 63.00 price target and Hold rating for Bilfinger on September 28, 2026, giving the stock a clearly defined analyst reference point.

Three dates reset the outlook

On September 16, 2026, Bilfinger announced its Agile program and cut its 2026 revenue outlook to EUR 5.3 billion to EUR 5.7 billion from EUR 5.4 billion to EUR 5.9 billion, according to Financial Times. On September 21, 2026, Berenberg cut its target from EUR 92.50 to EUR 63.00 while retaining Hold, as MarketScreener reported. On September 28, 2026, the bank maintained the EUR 63.00 target and Hold rating, according to wallstreetONLINE.

What does the target imply?

The main pressure point is profitability. Bilfinger now expects an EBITA margin of 3.20 percent to 3.60 percent in fiscal 2026, compared with its previous 5.80 percent to 6.20 percent range. The adjusted EBITA margin, after Agile-related one-off costs, is forecast at 4.60 percent to 5.00 percent, while free cash flow is expected at EUR 180 million to EUR 220 million, according to the September 16 announcement carried by Financial Times.

The latest reported quarter still showed operating scale. Bilfinger generated EUR 1.45 billion of revenue and EUR 54.10 million of net income in the second quarter of 2026, compared with EUR 1.35 billion of revenue and EUR 47.60 million of net income a year earlier, according to Markets Insider. The contrast is direct: revenue grew, but the full-year margin reset now dominates the valuation discussion.

When are the next dates?

Bilfinger's next quarterly financial report is scheduled for November 11, 2026, according to EQS News. That report will provide the next scheduled test of demand, margin delivery and the early effects of the Agile response.

Stock remains near yearly low

At EUR 54.90, Bilfinger was 57.54 percent below its EUR 129.30 52-week high and EUR 0.95 above its EUR 53.95 52-week low on October 9, 2026. The company had a market capitalization of EUR 2.0 billion on the same date. The further course of trading is shown by the continuously updated real-time quote of Bilfinger stock.