RENK Group stock gains 0.88 percent with EUR 7.4 billion backlog

Published on 09/26/2026 at 11:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs raised RENK to Buy on September 18, 2026, and kept its EUR 65 target. H1 2026 orders rose 29.7 percent to EUR 1.2 billion.

Generischer Kettenpanzer fährt über staubigen Truppenübungsplatz, große Staubwolke — RENK Group AG DE000RENK730 – Kettenpanzer in Bewegung auf Truppenübungsplatz mit aufgewirbelter Staubwolke, Illustration mit AI erstellt.

RENK Group (ISIN DE000RENK730) stock was trading at EUR 40.59 on Xetra on September 25, 2026, at 5:39 p.m. CEST, up 0.88 percent from EUR 40.23, while its first-half 2026 backlog reached EUR 7.4 billion. The latest analyst catalyst came on September 18, when Investing.com reported that Goldman Sachs upgraded RENK from Neutral to Buy while keeping its 12-month price target at EUR 65.

Backlog reaches EUR 7.4 billion

RENK's operating figures provide the reason for the renewed analyst interest. According to Börse Express on September 7, 2026, first-half order intake rose 29.7 percent year over year to EUR 1.2 billion. Second-quarter orders alone reached EUR 612.8 million, the company's highest quarterly order intake.

The order book rose to a record EUR 7.4 billion, while the book-to-bill ratio reached 1.9, compared with 1.5 in the prior-year half. First-half revenue increased 2.7 percent to EUR 637.2 million, whereas adjusted EBIT rose 10.1 percent to EUR 98.2 million and the adjusted EBIT margin improved from 14.4 percent to 15.4 percent, according to Börse Express.

Goldman sees EUR 65 target

Goldman's EUR 65 target stands 60.24 percent above the EUR 40.59 Xetra price. Investing.com said the bank based its view on order visibility, European land-defense demand and rising production volumes, while identifying delivery execution, defense program timing, margin delivery and working capital as downside risks.

The market is still pricing a wide gap between contracted demand and delivered earnings. RENK's 52-week range is EUR 39.26 to EUR 90.34 as of September 25, 2026, placing the latest price EUR 49.75 below the yearly high, while market capitalization stood at EUR 4.0585 billion and volume reached 372,484 shares.

Next results arrive November 5

Investing.com identified November 5, 2026, as the date for RENK's nine-month results. That report will show whether the EUR 7.4 billion backlog is translating into the revenue acceleration required by the company's 2026 plan for revenue above EUR 1.5 billion and adjusted EBIT of EUR 255 million to EUR 285 million.

Stock trades near yearly low

At 5:39 p.m. CEST on September 25, 2026, RENK Group stock was trading at EUR 40.59 on Xetra, up 0.88 percent from EUR 40.23. The price remained close to the 52-week low of EUR 39.26 and 55.06 percent below the 52-week high of EUR 90.34.