Berenberg raises target for K+S stock from EUR 11.40 to EUR 13.00

Published on 10/07/2026 at 14:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached EUR 978.30 million, up 12.29 percent year over year. K+S stock costs EUR 15.23 on October 7, 2026 versus EUR 15.07.

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K+S (DE000KSAG888) was trading at EUR 15.23 at Lang & Schwarz on October 7, 2026 at 2:01 p.m. CEST, plus 1.06 percent versus the prior close of EUR 15.07. According to FinanzNachrichten on September 28, 2026, Berenberg raised its K+S price target from EUR 11.40 to EUR 13.00 and retained its Sell rating.

Berenberg lifts target but stays cautious

The target increase followed higher short-term expectations for potash prices and K+S's acquisition of Qemetica's salt business, according to FinanzNachrichten. The target remained EUR 2.23 below the Lang & Schwarz price, showing that the analyst's revised valuation still sat below the market indication.

Berenberg analyst Sebastian Bray also pointed to rising potash supply from 2027 and questioned the operating profit consensus for 2028. That creates a two-stage picture for investors: near-term pricing supports the estimate, while future supply growth limits the valuation case.

Second-quarter revenue rose 12.29 percent

finanzen.net reported on October 7, 2026 that K+S had presented figures for the quarter ended June 30, 2026 on August 12, 2026. Revenue reached EUR 978.30 million, up 12.29 percent from EUR 871.20 million in the prior-year quarter, while earnings per share rose to EUR 3.61 from a loss of EUR 9.68.

The comparison is unusually wide because the prior-year figure was negative, but the revenue increase provides a clearer operating signal. The figures also explain why analyst attention is split between stronger current pricing and the durability of fertilizer margins beyond 2026.

Stock remains above Berenberg target

K+S stock was trading at EUR 15.23 at Lang & Schwarz on October 7, 2026 at 2:01 p.m. CEST, up EUR 0.16 or 1.06 percent versus the prior close of EUR 15.07. The move gives the stock a market price above Berenberg's revised EUR 13.00 target, while the analyst's supply warning keeps the 2027 outlook central to the valuation debate.

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