In a report released today, Chloe Lemaire from Jefferies maintained a Buy rating on RENK Group AG, with a price target of €80.00.
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Chloe Lemaire’s rating is based on the solid performance of RENK Group AG in the second quarter, where the company reported a significant increase in sales and adjusted EBIT. The sales rose by 27%, and the adjusted EBIT increased by 24%, which was slightly above market expectations. This growth was primarily driven by the VMS and M&I segments, although it was partially offset by a weaker SB margin.
Despite the unchanged 2025 guidance, which does not yet account for the anticipated rise in defense spending, the company’s future outlook remains promising. The upcoming presentation of 2030 targets in November is expected to provide further insights into the company’s long-term strategy. These factors combined contribute to Chloe Lemaire’s Buy rating for RENK Group AG.
Lemaire covers the Industrials sector, focusing on stocks such as MTU Aero Engines, Airbus Group SE, and Rheinmetall. According to TipRanks, Lemaire has an average return of 35.7% and an 84.76% success rate on recommended stocks.