HSBC cuts Anadolu Efes target and keeps Hold for Anadolu Efes stock

Published on 10/14/2026 at 01:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

HSBC cut its target from TRY 23.00 to TRY 21.00 on October 13, 2026. For Anadolu Efes stock this means TRY 91.9 billion sales.

Target cut and results calendar

HSBC lowered its Anadolu Efes target from TRY 23.00 to TRY 21.00 on October 13, 2026.
In the first half of 2026, Anadolu Efes reported TRY 91.9 billion in sales, TRY 18.0 billion in EBITDA and TRY 5.3 billion in net income.
Anadolu Efes plans to publish its third-quarter 2026 financial report on November 4, 2026.
The company paid a dividend of TRY 0.1698 per share on October 5, 2026.

Anadolu Efes, TRAAEFES91A9, Illustration mit AI erstellt.

HSBC cut its Anadolu Efes target from TRY 23.00 to TRY 21.00 on October 13, 2026, while keeping its Hold recommendation, according to CNBC-e. The revision gives investors a concrete valuation marker before the company's next financial update.

Three dated company events

Anadolu Efes paid a dividend of TRY 0.1698 per share on October 5, 2026, according to Fon.org.tr. On September 24, 2026, the company scheduled publication of its third-quarter report for November 4, 2026, as reported by Dunya. HSBC then reduced its target from TRY 23.00 to TRY 21.00 on October 13, 2026, and retained Hold, according to CNBC-e.

What does the target cut mean?

The valuation change arrives alongside the latest reported operating figures. In the first half of 2026, Anadolu Efes recorded sales of TRY 91.9 billion, EBITDA of TRY 18.0 billion and net income of TRY 5.3 billion, according to Yatirimci.AI. The figures make the November report important because it will show whether the third quarter improved the earnings trend before the next valuation discussion.

Results date and market scale

Anadolu Efes is scheduled to publish its third-quarter 2026 financial report on November 4, 2026. Its trailing-twelve-month revenue was TRY 250.97 billion, with year-over-year growth of 2.80 percent, while market capitalization stood at TRY 109.5 billion on October 13, 2026, according to InvestPane. For investors, the key comparison is between the lower TRY 21.00 target and the company's next reported sales and profit figures.