Berenberg starts coverage with a EUR 93 target for Groupe Bruxelles Lambert stock

Published on 10/21/2026 at 09:46 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Groupe Bruxelles Lambert stock costs EUR 74.40 on October 21, 2026. Brussels closed at EUR 72.50 on October 20, 2026 and the offer ends October 23, 2026.

Analyst coverage and key dates

Berenberg began coverage with a EUR 93.00 target on October 21, 2026.
The analyst valued GBL's portfolio at EUR 15.1 billion and applied a 20 percent discount.
Groupe Bruxelles Lambert stock traded at EUR 74.40 at 9:37 a.m. CEST at Lang & Schwarz on October 21, 2026.

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Groupe Bruxelles Lambert (ISIN BE0003797140) was trading at EUR 74.40 at Lang & Schwarz on October 21, 2026 at 9:37 a.m. CEST. Beursduivel reported that Berenberg began coverage with a buy rating and a EUR 93.00 price target on October 21, 2026.

Coverage adds a valuation marker

The target gives the latest market reference for GBL's diversified investment holding structure. Berenberg valued the portfolio at EUR 15.1 billion and applied a 20 percent discount, according to the October 21, 2026 report linked by Beursduivel. The report also said GBL's loan-to-value ratio was 0 percent and its liquidity position was EUR 4.6 billion.

Three dated markers for GBL

On June 30, 2026, GBL reported 129,800,000 shares and 10,288,252 treasury shares. On October 6, 2026, CVC and GBL raised their Recordati offer from EUR 51.29 to EUR 53.00 per share and extended the acceptance deadline to October 23, 2026, according to Euronext. On October 21, 2026, Berenberg began coverage with its EUR 93.00 target.

What dates come next?

The Recordati acceptance period ends on October 23, 2026, and payment is scheduled for November 2, 2026, according to Euronext. Those dates give investors a concrete timetable for the portfolio company's transaction.

GBL stock and the valuation gap

GBL closed at EUR 72.50 on Euronext Brussels on October 20, 2026, according to the Berenberg coverage report. The Lang & Schwarz quote of EUR 74.40 on October 21, 2026 puts the live German-market reference below the new EUR 93.00 target, while the target itself reflects the analyst's stated portfolio discount framework. The further course of trading is shown by the continuously updated real-time quote of Groupe Bruxelles Lambert stock.