Kering stock faces fresh target cuts after cautious outlook

Published on 10/05/2026 at 21:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kering stock was last at EUR 209.25 on October 5, 2026, as UBS and RBC cut their targets. First-half net income fell 60 percent to EUR 189 million.

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Kering (ISIN FR0000121485) was last at EUR 209.25 on Euronext Paris on October 5, 2026, down 0.50 percent, as two brokers cut their price targets. The revisions sharpen the test for a luxury group whose first-half net income fell 60 percent to EUR 189 million.

Fresh targets reset expectations

According to Ideal Investisseur on October 5, 2026, UBS lowered its target from EUR 285 to EUR 224 and kept a Neutral stance. RBC Capital cut its target from EUR 280 to EUR 260 and retained a Sector Perform opinion.

The target cuts arrived as Kering stock traded below the 20-day, 50-day and 200-day moving averages, according to the same Ideal Investisseur report. The article placed the support level at EUR 212.05, above the October 5 price, while the relative strength index stood at 31.

Half-year recovery has a weak spot

Kering's finance page identifies July 28, 2026 as the publication date for its First-Half 2026 Results. The reported period produced EUR 7.2 billion in revenue, according to Ideal Investisseur, while EBITDA reached EUR 1.935 billion and recurring operating income was EUR 921 million.

The mix explains the cautious market response. Gucci revenue declined 5 percent on a comparable basis in the first half, while Kering Jewelry grew 20 percent on the same basis, according to Ideal Investisseur. That contrast leaves Gucci execution central to the recovery case, while the jewelry business provides a quantified counterweight.

Consensus still sits above the price

Investing.com lists a Neutral consensus from 25 analysts, with 5 Buy, 16 Hold and 4 Sell ratings. The average 12-month target is EUR 272.24, which lies 30.1 percent above the EUR 209.25 reference price; the published high and low targets are EUR 360 and EUR 175.

That spread shows why the target cuts matter more than the small daily price change. Citi also reduced its target from EUR 282 to EUR 243 after an analyst call, while Kering's third-quarter fiscal 2026 sales release is scheduled for October 22, 2026, according to Investing.com. Management highlighted progress at Gucci, resilience at Saint Laurent and Bottega Veneta, and a stronger fourth-quarter newness pipeline in the same report.

Stock remains near yearly low

Kering stock was last at EUR 209.25 on Euronext Paris at 5:39 p.m. CEST on October 5, 2026. Its EUR 203.20 52-week low leaves the shares 2.98 percent above that level, while the EUR 354.20 high remains 40.92 percent higher.