Berenberg sets EUR 101.00 target for Heineken stock
Published on 10/14/2026 at 17:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and quarterly figures
- Berenberg set a EUR 101.00 price target for Heineken on October 6, 2026.
- Revenue reached EUR 14.84 billion in the second quarter of 2026, up 2.70 percent.
- Heineken stock costs EUR 73.60 on October 14, 2026 at 5:15 p.m. CEST, up 1.43 percent versus the Euronext close of October 13, 2026.
- Heineken trades at a price-to-earnings ratio of 17.99 with a market capitalization of EUR 40.9 billion.
Berenberg maintained a Buy rating and set a EUR 101.00 price target for Heineken on October 6, 2026, putting the target 37.23 percent above the EUR 73.60 share price. The analyst view comes as the Dutch brewer approaches its next scheduled trading update. Heineken was trading at EUR 73.60 on Euronext Amsterdam on October 14, 2026 at 5:15 p.m. CEST, up 1.43 percent versus the Euronext close of October 13, 2026.
Revenue rose in the second quarter
Heineken reported EUR 14.84 billion in quarterly revenue for the second quarter of 2026, according to The Globe and Mail, which reported the figure on October 7, 2026. The same source said quarterly net profit was EUR 1.13 billion, while the comparison figure it carried was EUR 7.09 billion in revenue and EUR 372.0 million in net profit for the prior-year quarter.
The revenue figure is also consistent with Heineken's first-half reporting: net revenue rose 2.70 percent organically to EUR 14.83 billion, while operating profit increased 6.70 percent to EUR 2.17 billion. Chronopin dated those results to August 5, 2026.
Stock remains below its yearly high
The Euronext price of EUR 73.60 stood 8.50 percent below the 52-week high of EUR 80.44 and 15.19 percent above the 52-week low of EUR 63.90 on October 14, 2026. Trading volume was 187,405 shares against an average volume of 733,865 shares, so the session turnover was 74.47 percent below that average.
Valuation and October reporting date
Heineken had a market capitalization of EUR 40.9 billion and a price-to-earnings ratio of 17.99 on October 14, 2026. The trailing dividend yield was 0.03 percent. The investor calendar cited by Chronopin schedules Heineken's third-quarter 2026 trading update for October 28, 2026.
Comparison with peers
Heineken (Euronext Amsterdam, EUR): plus 1.43 percent, price-to-earnings ratio 17.99, market capitalization EUR 40.9 billion.
Anheuser-Busch InBev (Euronext Brussels, EUR): minus 0.03 percent, price-to-earnings ratio 13.22, market capitalization EUR 139.3 billion.
Carlsberg (Nasdaq Copenhagen, DKK): plus 0.60 percent, price-to-earnings ratio 18.67, market capitalization DKK 119.0 billion.
Price and trading position
Heineken was trading at EUR 73.60 on Euronext Amsterdam on October 14, 2026 at 5:15 p.m. CEST, up 1.43 percent versus the Euronext close of October 13, 2026. The price remains below the 52-week high of EUR 80.44, while the EUR 101.00 Berenberg target is 37.23 percent higher than the market price.
Heineken stock data
- Company: Heineken N.V.
- ISIN: NL0000009165
- Ticker: HEIA.AS
- Primary exchange: Euronext Amsterdam
- Price Euronext Amsterdam as of October 14, 2026 at 5:15 p.m. CEST: EUR 73.60
- Change versus Euronext close of October 13, 2026: plus 1.43 percent
- Market capitalization: EUR 40.9 billion as of October 14, 2026
- 52-week range: EUR 63.90-EUR 80.44 as of October 14, 2026
- Sector / Industry: Consumer Defensive / Beverages - Alcoholic
- Index membership: AEX
- Next earnings date: October 28, 2026
Market context: Market report AEX.
