RENK Group stock gains after Goldman Sachs lifts rating

Published on 09/19/2026 at 11:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Goldman Sachs raised RENK Group to Buy on September 18, 2026 and kept a EUR 65 target. RENK Group stock last closed at EUR 40.04 on Xetra, with market cap at EUR 4.0 billion.

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RENK Group stock (ISIN DE000RENK730) gained a new catalyst on September 18, 2026, when Goldman Sachs raised the defense transmission specialist to Buy and kept its 12-month price target at EUR 65, implying 62.4 percent upside from EUR 40.04. RENK Group stock also closed at EUR 40.04 on Xetra on September 17, 2026, with a market capitalization of EUR 4,003,999,999.

Goldman points to backlog

According to Investing.com on September 18, 2026, Goldman said the recent pullback created an attractive entry point and kept the EUR 65 target in place. The bank also cited Renk's Vehicle Mobility Solutions order intake of EUR 970 million in the first half of 2026, up 42.6 percent year on year, with a 2.3 times book-to-bill ratio.

Goldman said fixed backlog stood at about EUR 2.8 billion at June 2026 and total backlog reached a record EUR 7.4 billion. It also forecast group adjusted EBIT margin at 17.7 percent in 2026, rising to 21.5 percent in 2030.

Market reaction stays firm

As Investing.com reported on September 18, 2026, RENK Group led the MDAX with a 5.61 percent rise to EUR 42.28 at the close, while a separate market overview showed the stock at EUR 41.60 on September 15, 2026. That leaves the Goldman target well above the latest traded level and keeps the gap to the 52-week high of EUR 90.34 in view.

According to ad hoc news on September 18, 2026, MarketScreener consensus data showed an average Buy rating from 17 analyses and an average price target of EUR 63.51, or 58.6 percent above the last close of EUR 40.04. The same report listed RENK's 52-week low at EUR 39.26, placing the stock only slightly above that floor at the time of the update.

Stock around support

RENK Group stock last closed at EUR 40.04 on Xetra on September 17, 2026. The 52-week range ran from EUR 39.26 to EUR 90.34, and the market value was EUR 4,003,999,999 as of September 17, 2026.