Berenberg keeps Buy on Grenke stock at EUR 23.00 target

Published on 10/15/2026 at 13:45 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half earnings rose to EUR 32.60 million from EUR 26.20 million. Grenke stock costs EUR 10.06 on October 15, 2026, 0.59 percent below Xetra close.

Analyst view and operating results

Berenberg kept its Buy rating and EUR 23.00 target on September 25, 2026.
First-half group earnings reached EUR 32.60 million versus EUR 26.20 million a year earlier.
Grenke stock traded at EUR 10.06 at 1:37 p.m. CEST on October 15, 2026, 0.59 percent below the EUR 10.12 Xetra close of October 14, 2026.

GRENKE AG Leasing – Vertragsunterzeichnung in klassischer Schwarz-Weiß-Reportagefotografie — GRENKE AG DE000A161N30 Schwarzweiß Reportage bei der Unterzeichnung eines Leasingvertrags dokumentarisch festgehalten, Illustration mit AI erstellt.

Grenke (ISIN DE000A161N30) was trading at EUR 10.06 at Lang & Schwarz on October 15, 2026 at 1:37 p.m. CEST, 0.59 percent below the Xetra close of October 14, 2026 at EUR 10.12. The latest analyst signal came from Berenberg, which kept its Buy rating and EUR 23.00 price target on September 25, 2026, according to FinanzNachrichten.

First-half earnings improved

Grenke reported group earnings of EUR 32.60 million for the first half of 2026, up from EUR 26.20 million in the first half of 2025. Its leasing new business reached EUR 1,644.90 million, compared with EUR 1,622.00 million a year earlier, while the cost-income ratio improved to 51.6 percent from 56.4 percent, according to grenke.

Three dated signals shape the case

On May 13, 2026, first-quarter group earnings reached EUR 15.50 million versus EUR 10.20 million a year earlier. On August 13, 2026, first-half leasing new business stood at EUR 1,644.90 million against EUR 1,622.00 million in the prior-year period. On September 25, 2026, Berenberg kept its Buy rating and EUR 23.00 target, as FinanzNachrichten reported.

What does the margin signal mean?

The operating picture is mixed: Simply Wall St reported that second-quarter 2026 revenue rose to EUR 181.809 million from EUR 162.774 million, while net income increased to EUR 15.981 million from EUR 15.674 million. The net margin nevertheless slipped to 8.8 percent from 9.6 percent, making profitability the key counterpoint to the higher earnings and new business figures, according to Simply Wall St.

Next reporting date is November 12

The next scheduled event is the quarterly statement for the third quarter and first nine months of 2026 on November 12, 2026, according to the company's investor-relations calendar. That release should show whether higher operating income is translating into firmer margins while credit costs remain a central valuation question.

Stock stays near its yearly low

Grenke's market capitalization was EUR 446.2 million as of October 15, 2026. The finance company is part of the SDAX and operates through leasing, banking and factoring for small and medium-sized enterprises.

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