J.P. Morgan keeps Overweight rating for RENK Group stock at EUR 62 target

Published on 10/02/2026 at 13:32 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue reached EUR 353.59 million versus EUR 347.53 million a year earlier. RENK Group stock costs EUR 37.54 on October 2, 2026 versus EUR 36.75, plus 2.15 percent.

Pop-Art-Comic: stilisiertes Zahnrad mit Bewegungslinien im bunten Halftone-Raster — RENK Group AG DE000RENK730 – Pop-Art-Comic-Zahnrad mit Bewegungslinien in Halftone-Raster und Knallfarben, Illustration mit AI erstellt.

RENK Group (DE000RENK730) stock was at EUR 37.54 at Lang & Schwarz on October 2, 2026, while J.P. Morgan kept its Overweight rating and reduced its price target from EUR 75.00 to EUR 62.00 on September 28, 2026, according to Stock-World. The revised target remains EUR 24.46 above the Lang & Schwarz price, a gap of 39.52 percent based on the target.

J.P. Morgan flags third-quarter risk

J.P. Morgan analyst David Perry expects a weaker operating result in the third quarter of 2026, although the bank continues to rate the stock Overweight. The same report identifies Vehicle Mobility Solutions as a potential source of support because the division supplies propulsion and chassis systems for military tracked and wheeled vehicles, according to Stock-World.

The next regular quarterly report is scheduled for November 5, 2026, according to Stock-World. That date gives the market a defined test for whether the third-quarter caution affects the full-year outlook.

Revenue growth trails the order story

RENK reported second-quarter 2026 revenue of EUR 353.59 million and net profit of EUR 14.48 million, compared with EUR 347.53 million and EUR 30.36 million in the year-earlier quarter, respectively, according to Markets Insider. Revenue therefore increased 1.74 percent, while net profit declined 52.31 percent on the reported comparison.

RENK's investor-relations page lists first-half 2026 revenue of EUR 1.366 billion, adjusted EBIT of EUR 230.00 million and an order backlog of EUR 6.70 billion. The company also presents adjusted EBIT margin of 16.90 percent and free cash flow of EUR 66.90 million for the period, according to RENK Group.

Stock remains near its yearly low

At EUR 37.54, the Lang & Schwarz quote stood EUR 1.37 above the 52-week low of EUR 36.17 and EUR 52.80 below the 52-week high of EUR 90.34 on October 2, 2026. RENK Group had a market capitalization of EUR 3.7 billion on the same date, placing the daily move in a valuation context rather than removing the gap to the annual high.

RENK Group is listed on Xetra under ticker R3NK and operates in the Industrials sector and Aerospace and Defense industry. Its business covers transmissions, gear units, propulsion systems and related solutions for commercial and defense customers.

Price holds above the prior close

RENK Group stock was trading at EUR 37.54 at Lang & Schwarz on October 2, 2026 at 1:30 p.m. CEST, up 2.15 percent versus the prior close of EUR 36.75 on October 1, 2026. The further course of trading is shown by the continuously updated real-time quote of RENK Group stock.