Chloe Lemaire, an analyst from Jefferies, maintained the Buy rating on RENK Group AG. The associated price target remains the same with €80.00.
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Chloe Lemaire has given her Buy rating due to a combination of factors including RENK Group AG’s ambitious revenue targets and strategic growth plans. The company has increased its 2030 revenue goal to a range of €2.8-3.2 billion organically, with potential for an additional €1 billion through mergers and acquisitions. This marks an upward revision from their previous target, which included M&A, indicating strong growth prospects.
Furthermore, RENK aims to achieve an EBIT margin exceeding 20%, which aligns with market expectations at the lower end of the projected range. While the outlook for 2027 and 2028 has been slightly adjusted upwards, it may not fully meet the higher market expectations, as consensus estimates are approximately 20% above the previous EBIT guidance for 2027. Despite this, the overall positive revenue and margin outlook supports the Buy recommendation.
In another report released on November 14, Deutsche Bank also maintained a Buy rating on the stock with a €75.00 price target.