Lotus Bakeries stock gains 4.35 percent after Jefferies Buy call

Published on 09/22/2026 at 10:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Lotus Bakeries stock closed at EUR 12,480 on September 21, 2026, after Jefferies set a EUR 15,000 target. Biscoff growth exceeded 20 percent in H1 2026.

Industrielle Keksfabrik mit Förderband voller karamellisierter runder Kekse — Fotorealistische Produktionshalle zeigt Lotus Bakeries NV BE0003604155 bei der Herstellung karamellisierter Kekse auf Förderbändern, Illustration mit AI erstellt.

Lotus Bakeries stock (ISIN BE0003604155) closed at EUR 12,480 on Euronext Brussels on September 21, 2026, up 4.35 percent on the day. The move followed Jefferies initiating coverage with a Buy rating and a EUR 15,000 price target, according to Investing.com on September 21, 2026.

Jefferies targets EUR 15,000

The new target stands EUR 2,520 above the September 21 closing price, a difference of 20.2 percent calculated from the cited market level. Zonebourse reported on September 21, 2026, that Jefferies began coverage with a Buy recommendation and cited a EUR 15,000 target.

The market reaction was visible in both the closing price and the intraday range. Lotus Bakeries traded between EUR 12,280 and EUR 12,700 on September 21, while reported volume was 683 shares and market capitalization was EUR 10.183 billion.

Biscoff growth sets the valuation test

The investment case rests on the Biscoff brand's expansion. According to Investing.com on September 21, 2026, Biscoff revenue growth accelerated from a 15 percent ten-year compound annual growth rate to more than 20 percent in the first half of 2026.

That comparison is central to the valuation argument: growth above 20 percent in the first half of 2026 exceeded the brand's 15 percent ten-year compound annual growth rate by more than 5 percentage points. The higher target therefore depends on the company sustaining faster brand growth rather than relying only on the September price move.

Stock remains below its yearly high

Lotus Bakeries shares stood below the reported 52-week high of EUR 13,200 on September 21, 2026, while the same market snapshot showed a 52-week low of EUR 7,270. The closing price was EUR 720 below the high and EUR 5,210 above the low.

The price move also outperformed the Belgian mid-cap benchmark during the session. Zonebourse reported a 5.5 percent intraday gain for Lotus Bakeries against a 0.6 percent rise for the BEL Mid. The differing scale shows that the analyst initiation, rather than the broad index move alone, shaped the session.

EUR 12,480 closes the session

Lotus Bakeries stock closed at EUR 12,480 on Euronext Brussels on September 21, 2026, with a daily gain of 4.35 percent. The quoted market capitalization was EUR 10.183 billion and the session volume was 683 shares.