Kering stock: Bernstein keeps EUR 270.00 target for Kering stock

Published on 10/19/2026 at 15:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue rose 1.00 percent to EUR 7.22 billion in first half. Kering stock costs EUR 212.20 on October 19, 2026, down 2.19 percent on Euronext Paris.

Bernstein maintains its target

Bernstein maintained a EUR 270.00 target and Hold rating on October 15, 2026.
First-half revenue rose 1.00 percent comparably to EUR 7.22 billion.
Kering stock costs EUR 212.20 at Lang & Schwarz on October 19, 2026 at 3:03 p.m. CEST, down 2.19 percent on Euronext Paris versus the prior close.
Kering had a EUR 26.0 billion market capitalization and a minus 122.63 price-to-earnings ratio on October 19, 2026.

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On October 15, 2026, Bernstein maintained a Hold rating and a EUR 270.00 target for Kering, placing the target 27.24 percent above the market quotation, according to Business Insider. Kering stock was trading at EUR 212.20 at Lang & Schwarz on October 19, 2026 at 3:03 p.m. CEST, down 2.19 percent on Euronext Paris versus the prior close of October 16, 2026.

First-half sales return to growth

Kering's first-half 2026 revenue reached EUR 7.22 billion, down 3.00 percent on a reported basis but up 1.00 percent on a comparable basis. Second-quarter revenue rose 2.00 percent comparably to EUR 3.65 billion, while recurring operating income was broadly flat at EUR 921.00 million and the recurring operating margin improved to 12.80 percent, according to Halifax.

Price stays below the yearly high

The current EUR 212.20 quotation sits within a 52-week range of EUR 203.20 to EUR 354.20. It is 40.08 percent below the high and 4.43 percent above the low. Trading volume reached 54,493 shares by 2:51 p.m. CEST, compared with an average volume of 325,148 shares.

Valuation and company scale

Kering had a market capitalization of EUR 26.0 billion and a price-to-earnings ratio of minus 122.63 on October 19, 2026. Its trailing dividend yield was 0.02 percent. The first-half net income attributable to the group fell 60.00 percent to EUR 189.00 million, partly because of EUR 223.00 million in non-recurring operating expenses, according to Halifax.

Comparison with peers

Kering: minus 2.19 percent, price-to-earnings ratio minus 122.63, market capitalization EUR 26.0 billion.

LVMH (Euronext Paris, EUR): minus 2.61 percent, price-to-earnings ratio 17.63, market capitalization EUR 190.6 billion.

Hermes (Euronext Paris, EUR): minus 1.05 percent, price-to-earnings ratio 30.77, market capitalization EUR 138.6 billion.

What the target implies

Bernstein's EUR 270.00 target is above the current quotation, but the rating remains Hold. That combination keeps execution central: Kering's comparable sales have returned to growth, while reported revenue and net income remain below the prior-year levels.

Trading position

Kering stock was trading at EUR 212.20 at Lang & Schwarz on October 19, 2026 at 3:03 p.m. CEST, down 2.19 percent on Euronext Paris versus the prior close of October 16, 2026. The further course of trading is shown by the continuously updated real-time quote of Kering stock.