Jefferies starts coverage of Wienerberger stock at Hold

Published on 10/14/2026 at 12:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Full-year 2026 guidance is EUR 640-650 million. Wienerberger stock costs EUR 15.65 on October 14, 2026 versus Jefferies' EUR 16.00 target.

Coverage and guidance timeline

Jefferies initiated coverage with a Hold rating and a EUR 16.00 target on October 13, 2026.
Full-year operating EBITDA guidance stood at EUR 640-650 million on October 6, 2026.
Wienerberger stock traded at EUR 15.65 at 12:08 p.m. CEST at Lang and Schwarz on October 14, 2026.
The next nine-month results are scheduled for November 12, 2026.

Wienerberger, AT0000831706, Illustration mit AI erstellt.

Wienerberger stock (ISIN AT0000831706) was trading at EUR 15.65 at Lang and Schwarz on October 14, 2026, at 12:08 p.m. CEST. Jefferies initiated coverage on October 13, 2026, with a Hold rating and a EUR 16.00 price target, according to Markets Insider.

Three dated catalysts

On October 6, 2026, Wienerberger set full-year operating EBITDA guidance at EUR 640-650 million and said third-quarter revenue was expected at EUR 1.20-1.30 billion. The company also expected third-quarter operating EBITDA of EUR 170-180 million, according to its Wienerberger release.

On October 9, 2026, Berenberg cut its price target from EUR 25.00 to EUR 19.00 while retaining a Buy rating, as reported by finanzen.at. The target revision followed the weaker construction outlook and the lower 2026 operating EBITDA guidance.

Jefferies then added a more cautious data point on October 13, 2026: its Hold rating came with a EUR 16.00 target. That target is EUR 0.35 above the Lang and Schwarz price used in this report, making the analyst view a near-term valuation reference rather than a broad forecast.

What does the guidance change mean?

The guidance range places the expected third-quarter operating EBITDA of EUR 170-180 million below the full-year target on a period basis, so the November report will show how much of the annual plan has already been delivered. Wienerberger said weak residential new-build activity in the United Kingdom and North America outweighed steadier renovation and infrastructure demand in its October 6 update.

The company also said energy, raw-material and logistics costs increased from the end of August. Cost optimization and a strategic review are therefore central to the next operating update, while the EUR 1.20-1.30 billion third-quarter revenue range provides the clearest test of demand.

Dates for the next update

Wienerberger's investor calendar lists an investor event in Vienna for October 22, 2026 and the publication of results for the first nine months of 2026 on November 12, 2026, according to Wienerberger. The November release is also scheduled to include an update on the strategic review and accelerated cost optimization measures.

Stock price and investor reference

At 12:08 p.m. CEST on October 14, 2026, Wienerberger was trading at EUR 15.65 at Lang and Schwarz. Against Jefferies' EUR 16.00 target, the market price stood EUR 0.35 lower, while the next company-defined checkpoint is the November 12 results date.

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