RBC upgrades Rational stock to Outperform and raises target to EUR 700.00

Published on 10/09/2026 at 12:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 642 million, up 6.00 percent in the first half of 2026. Rational stock costs EUR 586.00 on October 9, 2026 after EUR 560.25.

Key points in brief

RBC upgraded Rational to Outperform and raised its price target from EUR 680.00 to EUR 700.00 on October 9, 2026.
First-half 2026 revenue reached EUR 642.0 million, up 6.00 percent year over year.
Rational stock was trading at EUR 586.00 at Lang & Schwarz on October 9, 2026, plus 4.60 percent versus the prior close.
The next nine-month statement is scheduled for November 5, 2026, followed by Capital Markets Day on November 19, 2026.

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RBC upgraded Rational stock from Sector Perform to Outperform and raised its price target from EUR 680.00 to EUR 700.00 on October 9, 2026, according to Investing.com. Rational stock was trading at EUR 586.00 at Lang & Schwarz at 12:43 p.m. CEST, plus 4.60 percent versus the prior close of EUR 560.25.

Three events shaped the stock

On August 6, 2026, first-half revenue reached EUR 642.0 million, up 6.00 percent year over year, while EBIT rose 11.00 percent to EUR 170.0 million, according to Yahoo Finance. On October 2, 2026, Rational said prices for cooking systems would rise by an average of 2.90 percent in most countries from October, an adjustment covering more than half of group revenue, as stock3 reported. The current event came on October 9, 2026, when RBC raised its target to EUR 700.00 from EUR 680.00 and changed its rating to Outperform.

What does the upgrade weigh?

RBC's target is 19.45 percent above the Lang & Schwarz price of EUR 586.00, calculated against the October 9, 2026 intraday quote. The broker said Rational's premium to European industrial stocks had narrowed to 10.00 percent from a 10-year average of 120.00 percent, while its 2026 revenue forecast stood at EUR 1.34 billion.

The latest operating figures also contain a clear one-off effect. EBIT margin reached 26.50 percent in the first half of 2026, but the company said the result included EUR 14.0 million of U.S. tariff refunds; excluding that item, the margin was 24.30 percent, according to Yahoo Finance. That distinction matters because the reported margin is not solely a measure of recurring profitability.

Next reporting dates

Rational's next two scheduled events are the statement on the first nine months of 2026 on November 5, 2026, and Capital Markets Day on November 19, 2026, according to the company's financial calendar.

Rational stock trades above its prior close

Rational stock was trading at EUR 586.00 at Lang & Schwarz on October 9, 2026 at 12:43 p.m. CEST, up 4.60 percent versus the Lang & Schwarz prior close of EUR 560.25 on October 8, 2026. The 52-week range was EUR 553.50 to EUR 776.50 as of October 9, 2026, placing the quote EUR 32.50 above the low.

The further course of trading is shown by the continuously updated real-time quote of Rational stock.