K+S stock: JP Morgan keeps Neutral on K+S stock at EUR 13.70

Published on 10/23/2026 at 15:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose 12.29 percent to EUR 978.30 million. K+S stock costs EUR 12.69 on October 23, 2026, up 1.85 percent versus the Xetra close.

JP Morgan target and key dates

JP Morgan maintained a Neutral rating and an EUR 13.70 target on October 14, 2026.
Second-quarter revenue rose 12.29 percent year over year to EUR 978.30 million.
K+S stock costs EUR 12.69 at Lang & Schwarz on October 23, 2026, 1.85 percent above the Xetra close of October 22, 2026 and 32.10 percent below the 52-week high.
K+S is scheduled to report third-quarter 2026 results on November 10, 2026.

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K+S AG (ISIN DE000KSAG888) is trading at EUR 12.69 at Lang & Schwarz on October 23, 2026 at 5:28 p.m. CEST, up 1.85 percent versus the Xetra close of October 22, 2026. On October 14, 2026, JP Morgan analyst Angelina Glazova maintained a Neutral rating and an EUR 13.70 target, according to MarketScreener.

Second-quarter revenue improved

K+S reported second-quarter 2026 revenue of EUR 978.30 million, up 12.29 percent from EUR 871.20 million a year earlier. Operating EBITDA increased to EUR 176.00 million from EUR 110.00 million, according to Aktiencheck, which reported the figures on October 21, 2026. The revenue comparison shows that the stronger quarter was driven by more than a higher share price.

Stock sits below its yearly high

The current Lang & Schwarz price is 32.10 percent below K+S's 52-week high of EUR 18.69 and 22.61 percent above its 52-week low of EUR 10.35, with the range measured as of October 23, 2026. Trading volume stood at 303,381 shares at the same market-data timestamp, giving the intraday move a measurable market backdrop.

Results date anchors valuation

K+S has a price-to-earnings ratio of 2.16 and a market capitalization of EUR 2.3 billion as of October 23, 2026. The JP Morgan target is 7.96 percent above the Lang & Schwarz price, calculated from EUR 13.70 and EUR 12.69. The next reporting date is November 10, 2026, for third-quarter results, listed in the calendar of MarketScreener.

What matters for the next report?

The next test is whether K+S can support its raised 2026 operating EBITDA outlook of EUR 680.00 million to EUR 760.00 million. The company also expects adjusted free cash flow in the middle to high double-digit million-euro range and plans investments of about EUR 600.00 million, according to Aktiencheck. Those figures place the November report at the intersection of operating progress and capital intensity.