GBL stock: Berenberg starts coverage with EUR 93 target for GBL stock

Published on 10/21/2026 at 17:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Seven analysts set an EUR 88.44 average target for GBL stock. GBL stock costs EUR 74.98 on October 21, 2026, up 3.42 percent versus Brussels close.

Analyst coverage changes valuation

Berenberg initiated coverage with a EUR 93.00 target on October 21, 2026.
GBL held 129.80 million shares as of June 30, 2026.
GBL stock costs EUR 74.98 at Lang & Schwarz on October 21, 2026 at 5:01 p.m. CEST, 3.42 percent above the Brussels close.
Groupe Bruxelles Lambert is scheduled to report third-quarter results on November 5, 2026.

3D-Render eines gläsernen Bürohochhauses in der Abenddämmerung mit beleuchteten Fenstern — Architektur-Render eines modernen Bürohochhauses veranschaulicht Groupe Bruxelles Lambert SA, ISIN BE0003797140, Beteiligungs-Holding, Illustration mit AI erstellt.

Groupe Bruxelles Lambert stock (ISIN BE0003797140) has a new EUR 93.00 valuation target from Berenberg, which started coverage with a Buy recommendation on October 21, 2026. The target is 24.03 percent above the EUR 74.98 Lang & Schwarz price and gives investors a fresh benchmark for the Belgian holding company.

At Lang & Schwarz, GBL was trading at EUR 74.98 on October 21, 2026 at 5:01 p.m. CEST, up 3.42 percent versus the Brussels close of October 20, 2026 at EUR 72.50. The move followed the analyst initiation, while the price remains below its 52-week high.

Berenberg sees EUR 93 value

According to Zonebourse, Berenberg began coverage with a Buy rating and a EUR 93.00 target on October 21, 2026. The report said GBL had shifted toward direct investments and that its discount to net asset value had narrowed from 42.00 percent in 2024 to about 20.00 percent in June 2026.

A separate analyst overview put the average target at EUR 88.44 from seven analysts, with a Buy consensus and a 21.99 percent spread above the last close, according to MarketScreener.

Share count sets the scale

GBL reported 129.80 million shares outstanding as of June 30, 2026, while it held 10.29 million of its own shares, equal to 7.93 percent of issued capital. Those figures come from GBL. The same page states that Pargesa held 35.10 percent of the outstanding shares and 48.60 percent of voting rights on June 30, 2026.

Price position and dates

GBL's 52-week range is EUR 67.90 to EUR 85.65 as of October 21, 2026. The Lang & Schwarz price stood 12.46 percent below the high and 10.43 percent above the low. Market capitalization was EUR 9.0 billion, while volume reached 55,431 shares at the latest quoted time.

What does the next date mean for the stock? Groupe Bruxelles Lambert is scheduled to publish third-quarter results on November 5, 2026, according to Zonebourse. That date gives the market a defined checkpoint for testing the valuation case against the next reported operating update.

GBL stays below its yearly high

The current price leaves room below the 52-week high, but it is also above the low by EUR 7.08. The EUR 93.00 Berenberg target would place the stock above the present Lang & Schwarz price if reached.

Groupe Bruxelles Lambert was trading at EUR 74.98 at Lang & Schwarz on October 21, 2026 at 5:01 p.m. CEST, 3.42 percent above the Brussels close of October 20, 2026 at EUR 72.50. The further course of trading is shown by the continuously updated real-time quote of GBL stock.