Erste Group raises target for Strabag stock to EUR 124.00

Published on 10/14/2026 at 15:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half EBIT rose 35.00 percent to EUR 174.00 million. Strabag stock costs EUR 103.50 on October 14, 2026, plus 0.49 percent versus the Xetra close.

Erste Group target and earnings

Erste Group lifted its Strabag target from EUR 109.50 to EUR 124.00 on September 14, 2026.
First-half EBIT increased 35.00 percent to EUR 174.00 million.
Strabag stock costs EUR 103.50 at Lang & Schwarz on October 14, 2026 at 3:09 p.m. CEST, plus 0.49 percent versus the Xetra close of October 13, 2026 at EUR 103.00.
Strabag has a market capitalization of EUR 11.9 billion and a P/E ratio of 12.67 as of October 14, 2026.

Strabag, AT000000STR1, Illustration mit AI erstellt.

Erste Group raised its Strabag target from EUR 109.50 to EUR 124.00 on September 14, 2026, while maintaining its Buy recommendation, according to Börse Express. The EUR 124.00 target lies 19.81 percent above the EUR 103.50 Lang & Schwarz price. Strabag was trading at EUR 103.50 at Lang & Schwarz on October 14, 2026 at 3:09 p.m. CEST, plus 0.49 percent versus the Xetra close of October 13, 2026 at EUR 103.00.

First-half EBIT reaches EUR 174.00 million

Strabag's operating progress provides the fundamental support for the higher target. The company's first-half EBIT increased 35.00 percent year over year to EUR 174.00 million, while the EBIT margin reached 1.90 percent versus 1.60 percent in the same period of 2025, according to Yahoo Finance on August 28, 2026.

The same transcript records a 12.00 percent year-over-year increase in first-half output volume to EUR 10.00 billion. The order backlog reached EUR 36.00 billion, up 27.00 percent from a year earlier, giving the construction group a sizeable revenue base for subsequent periods.

Price stays below the yearly high

The Lang & Schwarz quote was EUR 5.90 below the 52-week high of EUR 109.40 and EUR 39.00 above the 52-week low of EUR 64.50 on October 14, 2026. That places the stock 5.39 percent below its yearly high. The bid was EUR 103.40 and the ask EUR 103.60 at 3:09 p.m. CEST.

Strabag's market capitalization was EUR 11.9 billion and its P/E ratio was 12.67 as of October 14, 2026. The figures put the target's EUR 20.50 premium over the Lang & Schwarz price at the center of the current valuation discussion, rather than the small intraday move.

Valuation and reporting dates

Erste Group's EUR 124.00 target is 19.81 percent above the euro price used here, leaving a clear numerical gap between the market quote and the analyst view. The target change itself was EUR 14.50, or 13.24 percent above the former EUR 109.50 level, based on the September 14, 2026 analysis.

For the business, the key contrast is between stronger operating data and a first-half margin that remains below the full-year range. Management's first-half presentation put the 2026 EBIT margin outlook at 5.50 percent to 6.00 percent, compared with the previous 5.00 percent to 5.50 percent range, according to Yahoo Finance. The seasonal profile of construction earnings makes the second-half delivery especially important for that outlook.

Trading remains below EUR 109.40

Strabag combines a EUR 11.9 billion market value with a EUR 36.00 billion order backlog and an analyst target of EUR 124.00. Those figures describe a stock trading below its yearly high while the operating comparison points to higher first-half EBIT and output volume.

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