Deutsche Bank cuts target for Royal Unibrew stock to DKK 420

Published on 10/05/2026 at 12:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Royal Unibrew posted H1 2026 EBIT of DKK 1.03 billion, up 7.00 percent. Royal Unibrew stock costs EUR 54.48 on October 5, 2026 versus EUR 54.38.

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Royal Unibrew stock (ISIN DK0060634707) was trading at EUR 54.48 at Lang & Schwarz on October 5, 2026 at 12:03 p.m. CEST, up 0.18 percent versus the prior close of EUR 54.38. The latest analyst action came on September 16, 2026, when Deutsche Bank cut its price target from DKK 425 to DKK 420 and reiterated its hold rating, as MarketScreener reported on September 16, 2026.

First half profit improves

Royal Unibrew delivered H1 2026 net revenue of DKK 7.737 billion, compared with DKK 7.644 billion in H1 2025, a 1.20 percent increase. EBIT rose to DKK 1.026 billion from DKK 959.00 million, while the EBIT margin expanded to 13.30 percent from 12.50 percent, according to Globenewswire in the interim report dated August 17, 2026.

The earnings mix was stronger than the sales growth. Diluted earnings per share increased to DKK 14.50 from DKK 13.10, a 10.70 percent rise, while H1 2026 volume increased 1.80 percent to 9.0 million hectoliters. The figures show that margin expansion, rather than top-line acceleration, carried the first-half improvement.

Guidance stays unchanged

Royal Unibrew reiterated its full-year 2026 outlook in the same August 17, 2026 release. Organic EBIT growth is expected at 6.00 percent to 10.00 percent, corresponding to EBIT of DKK 2.325 billion to DKK 2.425 billion, while net revenue is expected to remain broadly at the 2025 level.

The company also announced a share buyback of up to DKK 300 million on August 17, 2026, with the program scheduled to run through December 18, 2026, according to Globenewswire. For investors, the contrast is clear: operating profit is improving, but Deutsche Bank has still reduced its valuation target.

Next report arrives November 11

Royal Unibrew is scheduled to publish its Q3 2026 trading statement on November 11, 2026, according to the company investor calendar at Royal Unibrew. On Nasdaq Copenhagen, the share was last quoted at DKK 407.40 on October 5, 2026 at 12:07 p.m. CEST, against a 52-week range of DKK 394.60 to DKK 653.50 and a market capitalization of DKK 19.6 billion.

The further course of trading is shown by the continuously updated real-time quote of Royal Unibrew stock.