RENK sells slide bearings business: Jefferies keeps EUR 60 target for RENK Group stock

Published on 10/22/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RENK Group stock costs EUR 36.98 on October 22, 2026, 0.80 percent below the Xetra close. First-half 2026 revenue was EUR 1.366 billion.

Defense focus and investor dates

RENK Group agreed to sell its slide bearings business to Miba on October 22, 2026.
First-half 2026 revenue reached EUR 1.366 billion and order intake EUR 1.571 billion.
RENK Group stock trades at EUR 36.98 at 12:21 p.m. CEST at Lang & Schwarz on October 22, 2026, 0.80 percent below the Xetra close of October 21, 2026.
Jefferies kept a Buy rating and a EUR 60.00 target on October 21, 2026.

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RENK Group (ISIN DE000RENK730) was trading at EUR 36.98 at Lang & Schwarz on October 22, 2026 at 12:21 p.m. CEST, 0.80 percent below the Xetra close of October 21, 2026 at EUR 37.28. The company agreed to sell its slide bearings business to Miba on October 22, while Jefferies kept a Buy rating and a EUR 60.00 target on October 21, 2026, according to MarketScreener.

What does the sale mean for guidance?

The transaction sharpens RENK's defense focus, but the purchase price remains confidential. The company said the slide bearings unit will be reported as a discontinued operation from the fourth quarter of 2026, with continuing-operations guidance set at EUR 240 million to EUR 255 million of adjusted EBIT for fiscal year 2026, according to MarketScreener. The stated objective is to lift defense business to 90 percent of revenue by 2030.

Three events shape the pivot

On August 6, 2026, RENK reported first-half revenue of EUR 1.366 billion, order intake of EUR 1.571 billion and adjusted EBIT of EUR 230 million, according to the RENK Group. On October 14, 2026, the company received a EUR 130 million Leopard 2 and vehicle order, with deliveries scheduled from 2029 through 2032. On October 22, 2026, it announced the Miba sale and the EUR 240 million to EUR 255 million adjusted EBIT guidance for fiscal year 2026, as reported by MarketScreener.

Next dates are November 5 and December 8

RENK's third-quarter 2026 results are scheduled for November 5, 2026, according to MarketScreener. The CEO strategy update is scheduled for December 8, 2026, according to Finanznachrichten. The dates give investors two checkpoints for judging whether the defense reallocation is translating into orders and margin delivery.

Stock stays below EUR 37.00

Jefferies said revenue could rise 11 percent and margin could expand by 0.8 percentage points in the upcoming quarterly report, while its study cited a path toward EUR 2.0 billion of order intake. The analyst view provides a counterweight to the stock's position below the Xetra close.

RENK Group stock was trading at EUR 36.98 at Lang & Schwarz on October 22, 2026 at 12:21 p.m. CEST, 0.80 percent below the Xetra close of October 21, 2026 at EUR 37.28. The further course of trading is shown by the continuously updated real-time quote of RENK Group stock.