Kering stock falls as RBC cuts its target to EUR 280
Published on 09/23/2026 at 14:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Kering (ISIN FR0000121964) traded at EUR 228.25 on Euronext Paris on September 23, 2026, down 1.62 percent in the cited market snapshot. The immediate catalyst is a lower RBC Capital Markets price target, cut to EUR 280 from EUR 350 while the Sector Perform rating was maintained.
RBC lowers the target
As Ad Hoc News reported on September 22, 2026, RBC reduced its Kering target from EUR 350 to EUR 280 and kept its Sector Perform rating. The EUR 70 reduction equals a 20 percent cut, while the revised target remained EUR 51.75, or 22.5 percent, above the September 21 closing price of EUR 228.65.
The revision places Gucci at the center of the earnings debate. According to Finimize on September 23, 2026, RBC views Gucci's September exit rate as the key clue in Kering's third-quarter update.
Gucci sets the earnings test
Kering reported first-half 2026 revenue of EUR 7.22 billion, with comparable revenue returning to growth and increasing 1 percent, according to SAPO on September 22, 2026. The comparison matters because the group had recorded a 13 percent reported revenue decline for fiscal year 2025, with comparable revenue down 10 percent versus 2024.
The next measurable checkpoint is Kering's third-quarter update on October 22, 2026, cited in the RBC preview by Finimize. For the stock, the issue is whether Gucci's September exit rate confirms the 1 percent comparable growth reported for the first half or points to renewed pressure.
Kering stock remains near its low
Kering closed at EUR 228.65 on Euronext Paris on September 21, 2026, down 1.87 percent from the prior close. The same snapshot placed the 52-week range at EUR 225.10 to EUR 354.20, leaving the stock EUR 3.55 above its yearly low and 35.4 percent below its yearly high.
The September 21 market snapshot recorded a market capitalization of EUR 28.037 billion and volume of 373,926 shares. Those figures frame the valuation debate behind the target cut: the stock is close to the lower end of its annual range, while the next fundamental test remains Gucci's September performance.
Price and reporting checkpoint
Kering stock traded at EUR 228.25 on Euronext Paris on September 23, 2026, down 1.62 percent in the available intraday snapshot. The next cited reporting checkpoint is October 22, 2026, when the third-quarter update is expected to provide the next reported Gucci exit-rate signal.
Kering stock facts
- Company: Kering S.A.
- ISIN: FR0000121964
- Ticker: KER
- Trading venue: Euronext Paris
- Price: EUR 228.25 (September 23, 2026)
- Market capitalization: EUR 28.037 billion (September 21, 2026)
- Sector / Industry: Consumer Discretionary / Apparel, Accessories and Luxury Goods
- Index membership: CAC 40
