RENK Group AG / Analyst ratings
Price targets
Analyst ratings
7 analysts rated this company in the past 90 days. The average target price is €73.14, this is a change of +16.6% compared to the current price.
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Goldman reinstates Renk with 'Neutral' - target 70 euros
NEW YORK (dpa-AFX Analyst) - US investment bank Goldman Sachs has reinstated Renk's rating with a "neutral" rating and a price target of €70. Given the largest rearmament cycle in Europe since the early days of the Cold War, Sam Burgess wrote in his industry assessment published Friday that he views the defense sector favorably. However, the high valuations require a selective approach. The expert names BAE Systems as his favorite. Meanwhile, Rheinmetall's product portfolio best fits the existing defense deficits, and the valuation does not yet reflect the medium-term outlook. Renk's valuation appears to be appropriate./gl/stk
Publication of the original study: September 19, 2025 / 2:18 a.m. / BST First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Renk's 'Buy' rating - target €80
NEW YORK (dpa-AFX Analyser) - The analyst firm Jefferies has maintained a "Buy" rating on Renk with a price target of €80. The crowds at the DSEI defense and security technology trade fair in London seemed even stronger than in the record year of 2023, Chloe Lemarie wrote in her industry report released Friday. Renk expects the German defense contracts to be received by the prime contractors by the end of the year, with follow-up contracts for Renk three to five months later./gl/tih/men
Publication of the original study: September 11, 2025 / 10:05 a.m. / ET. First distribution of the original study: September 11, 2025 / 10:05 a.m. / ET.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target €84
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on Renk with a price target of €84. The record-high number of participants at the DSEI defense and security technology trade fair in London demonstrates the interest in the industry and underpins his positive view of the companies, wrote George McWhirter in an assessment released Friday. He is now more confident than before about his "Top Picks," Babcock International and Renk. The expert also estimates that the record-high order backlogs at companies such as BAE Systems, Chemring, QinetiQ, Renk, and Rheinmetall should increase sales by an average of 12 percent annually until 2028./gl/tih
Publication of the original study: September 11, 2025 / 4:56 p.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research raises target for Renk to 75 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Renk from €73 to €75 following the recently published half-year figures and maintained its rating at "Buy." The next price driver for the defense supplier's shares is likely to be the capital markets day in November, wrote Christophe Menard in an assessment published Friday./la/tih
Publication of the original study: August 15, 2025 / Time not specified in study / CET First distribution of the original study: August 15, 2025 / 7:55 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target €84
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Renk following its second-quarter results, with a price target of €84. Upcoming purchases of military vehicles in Germany provide upside potential for revenues in the maintenance business, George McWhirter wrote in a study published Thursday./rob/bek/mne
Publication of the original study: August 14, 2025 / 5:19 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research raises target for Renk to 58 euros - 'Hold'
HAMBURG (dpa-AFX Analyser) - The analyst firm Warburg Research raised its price target for Renk from €52 to €58 following the company's earnings release, but maintained its "Hold" rating. The defense company presented good figures, wrote Christian Cohrs in a study released Thursday. The order-to-invoice ratio is extremely favorable. However, the arms boom has already been priced in, which is why the rating is only "Hold."/rob/mf/bek
Publication of the original study: August 14, 2025 / 8:15 a.m. / Time zone not specified in study
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Renk's 'Buy' rating - target €80
NEW YORK (dpa-AFX Analyser) - The analysis house Jefferies has left the rating for Renk at "Buy" with a price target of 80 euros. Room for improvement in the medium-term targets and the recent price decline in light of a possible ceasefire in Ukraine represent a favorable entry opportunity for the defense company's shares, wrote Chloe Lemarie on Wednesday after the quarterly results./rob/ajx/he
Publication of the original study: August 13, 2025 / 12:58 PM / Time zone not specified in study. First distribution of the original study: August 13, 2025 / 12:58 PM / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target €84
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Renk following second-quarter figures, with a price target of €84. The transmission manufacturer benefited primarily from strong performance in the military propulsion (VMS) segment, George McWhirter wrote in a study released Wednesday. This is likely to drive the investment story beyond 2030./rob/bek/la
Publication of the original study: August 13, 2025 / 6:41 a.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target €84
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Renk after the company's earnings release, with a price target of €84. The vehicle transmission business for military and civilian applications ensured a good second quarter, wrote George McWhirter in a report published Wednesday. He cited positive statements regarding order intake from Germany./tih/nas
Publication of the original study: August 13, 2025 / 6:41 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Renk's 'Buy' rating - target €80
NEW YORK (dpa-AFX Analyst) - Following its second-quarter results, analyst Jefferies maintained its "Buy" rating for Renk with a price target of €80. The defense supplier presented solid results, Chloe Lemarie wrote in an initial reaction on Wednesday. The company reported surprisingly strong performance in terms of free cash flow./rob/la/mis
Publication of the original study: August 13, 2025 / 2:17 a.m. / Time zone not specified in the study. First distribution of the original study: August 13, 2025 / 2:17 a.m. / Time zone not specified in the study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies raises target for Renk to 80 euros - 'Buy'
NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has raised its price target for Renk from €60 to €80 and maintained its "Buy" rating. Strength in the aircraft and defense industries continues, as all sectors are experiencing strong tailwinds, wrote Chloe Lemarie in an industry report released Monday. The defense sector offers good entry points into an attractive supercycle. Renk is well positioned in the rapidly growing land defense market. Major orders from Germany were on the horizon./tih/mis
Publication of the original study: August 1, 2025 / 1:15 PM / ET
First distribution of the original study: August 1, 2025 / 1:15 PM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg raises target for Renk to 84 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has raised its price target for Renk from €72 to €84 and maintained its "Buy" rating. Momentum is increasing, wrote George McWhirter in his commentary on the tank transmission manufacturer published Tuesday. He examined orders from the Vehicle Mobility Solutions (VMS) division, along with service contracts. The expert sees the quarterly figures on August 13 as the next price driver. He raised his price target primarily due to the increased industry valuation./rob/ag/gl
Publication of the original study: July 21, 2025 / 4:58 PM / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Renk's 'Buy' rating - target €60
NEW YORK (dpa-AFX Analyst) - Research firm Jefferies has maintained its rating for Renk at "Buy" with a price target of €60, following statements from a conference call with analysts ahead of the company's upcoming quarterly results. The tank transmission manufacturer likely performed strongly, wrote Chloe Lemarie in a follow-up report released Thursday. The vehicle mobility solutions (VMS) segment is likely to have driven revenue./rob/la/jha/
Publication of the original study: July 17, 2025 / 10:37 a.m. / Time zone not specified in the study. First distribution of the original study: July 17, 2025 / 10:37 a.m. / Time zone not specified in the study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan maintains Renk's 'Overweight' rating - target EUR 90
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Renk at "Overweight" with a price target of €90, according to statements from a conference call with analysts ahead of the company's upcoming quarterly results. Management expressed confidence, David H. Perry wrote in a follow-up note released Thursday. This reinforces his positive view of the tank transmission manufacturer's shares./rob/la/he
Publication of the original study: July 17, 2025 / 2:02 PM / BST First distribution of the original study: July 17, 2025 / 2:02 PM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research raises target for Renk to 64 euros - 'Buy'
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research raised its price target for Renk from 55 to 64 euros and maintained its "Buy" rating. The tank transmission manufacturer had a strong first quarter, Christophe Menard wrote on Monday. The outlook for 2028 to 2030 is positive, providing confidence for Renk's capital market story./ajx/la
Publication of the original study: May 19, 2025 / Time not specified in the study / CET. First distribution of the original study: May 19, 2025 / 8:00 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg raises target for Renk to 72 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg raised its price target for Renk from €54.50 to €72.00 and maintained its "Buy" rating. The military vehicles division, which accounts for three-quarters of operating profit, is very well positioned to benefit from rising European defense budgets over the next ten years, George McWhirter wrote in his assessment published Monday. The outlook for German defense spending continued to improve last week. The expert predicts that defense spending in Germany is likely to reach 3.5 percent of GDP by 2032./rob/la/ag
Publication of the original study: May 18, 2025 / 7:38 p.m. / GMT First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan upgrades Renk to 'Overweight' - price target doubled
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has doubled its price target for Renk from €35 to €70 and upgraded the shares from "Neutral" to "Overweight." The tank transmission manufacturer's sales prospects are very strong, analyst David Perry wrote on Thursday. He expects Renk to grow by an average of 18 percent per year until 2030. Further upside potential is possible through acquisitions. He significantly raised his earnings per share estimates through 2027. The doubling of the price target also results from the significantly increased valuation of other German defense companies such as Rheinmetall and Hensoldt./rob/ajx/he
Publication of the original study: May 15, 2025 / 8:38 PM / BST First distribution of the original study: May 15, 2025 / 8:38 PM / BST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains Renk's 'Buy' rating - target EUR 55
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its rating for Renk at "Buy" following its quarterly results, with a price target of €55. The tank transmission manufacturer's key figures largely met expectations, wrote Christophe Menard in an initial response released Thursday./edh/gl
Publication of the original study: May 15, 2025 / Time not specified in study / CET. First distribution of the original study: May 15, 2025 / 8:02 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB lowers Renk to 'Hold' - target 55 euros
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has downgraded Renk from "Buy" to "Hold" due to valuation reasons, but left the price target at €55. While the defense company should continue to deliver good news that could push the share price above fair value, the valuation already looks high, wrote analyst Marie-Therese Grübner in an assessment released Monday. Given this development, a sale of the remaining stake by the financial investor and majority shareholder Triton appears plausible./gl/bek
Publication of the original study: May 5, 2025 / 7:57 a.m. / CET
First distribution of the original study: May 5, 2025 / 8:03 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies raises target for Renk to 60 euros - 'Buy'
NEW YORK (dpa-AFX Analyst) - Research firm Jefferies raised its price target for Renk from €44 to €60 ahead of the industry's first-quarter reporting season and maintained its "Buy" rating. Analyst Chloe Lemarie raised her valuation multiples for defense stocks in an industry report released Friday to reflect the segment's attractiveness as a safe investment. In addition, their valuation period for these stocks now extends to 2028. Rheinmetall remains their preferred stock in the defense sector.
Publication of the original study: May 2, 2025 / 11:54 AM / ET
First distribution of the original study: May 2, 2025 / 12:00 PM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Renk's 'Buy' rating - target EUR 44
NEW YORK (dpa-AFX Analyst) - Following a meeting with managers at an investor conference, analyst Jefferies maintained its rating for Renk at "Buy" with a price target of €44. One conclusion is that German defense spending could reach 3.5 percent of gross domestic product between 2028 and 2029, analyst Chloe Lemarie wrote in a study released Thursday. The Renk stake will likely be clarified in more detail after the NATO requirements are announced in June./tih/he
Publication of the original study: March 27, 2025 / 1:27 PM / ET First distribution of the original study: March 27, 2025 / 1:27 PM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies maintains Renk's 'Buy' rating - target EUR 44
NEW YORK (dpa-AFX Analyst) - Based on the company's financial results and outlook, the research firm Jefferies has maintained its "Buy" rating for Renk with a price target of €44. The targets for the current year are roughly in line with consensus estimates, analyst Chloe Lemarie wrote in an initial assessment on Wednesday. The defense company's conference call is likely to focus on rising defense spending in Europe and the associated growth prospects./bek/gl
Publication of the original study: March 26, 2025 / 3:22 a.m. / ET First distribution of the original study: March 26, 2025 / 3:22 a.m. / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB raises target for Renk to 55 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking raised its price target for Renk from €35.50 to €55 and maintained its "Buy" rating. Analyst Marie-Therese Grübner made this decision on Monday following a discussion with the tank transmission manufacturer's management about the opportunities presented by the rising defense budgets of European NATO countries. Between 20 and a good 30 percent typically flow into the land forces./ag/jha/
Publication of the original study: March 17, 2025 / 8:24 a.m. / CET
First distribution of the original study: March 17, 2025 / 8:24 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Jefferies starts Renk with 'Buy' - target 44 euros
NEW YORK (dpa-AFX Analyst) - The research firm Jefferies has included Renk in its rating with a "Buy" rating and a price target of €44. In an initial study on European defense stocks published Thursday, analyst Chloe Lemarie pointed to a paradigm shift in Europe with increased defense spending. This is necessary even in peacetime. Rheinmetall is her "Top Pick." However, tank transmission manufacturer Renk also deserves a buy recommendation due to its short-cycle orientation and potential self-optimization measures./tih/gl
Publication of the original study: March 12, 2025 / 5:50 PM / ET. First distribution of the original study: March 12, 2025 / 8:01 PM / ET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Renk to 35 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Renk from €25 to €35, but maintained its rating at "Neutral." The rearmament cycle in Europe is now a reality, wrote analyst David Perry in his reassessment of the European defense industry published on Monday. He subsequently raised his price targets by an average of one-quarter. Many of the 30 European NATO states are likely to increase their defense budgets; the events of the past few weeks have further increased this impetus./ag/zb
Publication of the original study: March 2, 2025 / 11:45 PM / GMT
First distribution of the original study: March 3, 2025 / 12:43 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan raises target for Renk to 35 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan raised its price target for Renk from €25 to €35, but maintained its rating at "Neutral." The rearmament cycle in Europe is now a reality, wrote analyst David Perry in his reassessment of the European defense industry published on Monday. He subsequently raised his price targets by an average of one-quarter. Many of the 30 NATO countries are likely to increase their defense budgets; the events of recent weeks have further increased this impetus./ag/zb
Publication of the original study: March 2, 2025 / 11:45 PM / GMT
First distribution of the original study: March 3, 2025 / 12:43 AM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Warburg Research starts Renk with 'Buy' - target 36 euros
HAMBURG (dpa-AFX Analyst) - The analyst firm Warburg Research has initiated its "Buy" rating on Renk shares, with a price target of €36. Analyst Christian Cohrs wrote in his buy recommendation published Tuesday that the arms supplier's stock represents an attractive investment opportunity to profit from the supercycle in the defense sector. Renk has so far fully fulfilled its financial promises and has ambitious goals./edh/ag
Publication of the original study: February 18, 2025 / 8:15 a.m. / CET
First distribution of the original study: Date not specified in study / Time not specified in study / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB maintains Renk at 'Buy' - Target 35 euros
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has maintained its "Buy" rating for Renk with a price target of €35. The fourth-quarter results exceeded expectations, wrote analyst Marie-Therese Grübner in her commentary published Thursday. The order situation remains strong into the new year./ag/nas
Publication of the original study: January 30, 2025 / 8:20 a.m. / CET
First distribution of the original study: January 30, 2025 / 8:20 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target 33 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Renk with a price target of €33. The key figures indicate a strong finish to the year, wrote analyst George McWhirter on Wednesday morning. Operating profit is at the upper end of the target range./ag/tih
Publication of the original study: January 29, 2025 / 7:27 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan lowers target for Renk to 25 euros - 'Neutral'
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has lowered its price target for Renk from €30 to €25 and left the rating at "Neutral." The designated new CEO, Alexander Sagel, must rebuild trust, wrote analyst David Perry in a study published Thursday. Then the defense company's shares could regain their attractiveness./bek/gl
Publication of the original study: December 11, 2024 / 10:53 PM / GMT First distribution of the original study: December 11, 2024 / 10:53 PM / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target 33 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on Renk with a price target of €33. The tank transmission manufacturer emphasized its strong market position and good business prospects, analyst George McWhirter wrote in his commentary published Wednesday following a meeting with outgoing CEO Susanne Wiegand at the Berenberg investor conference. Wiegand also pointed out that her departure had nothing to do with the company's operational development.
Publication of the original study: December 3, 2024 / 11:11 a.m. / GMT. First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study.
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB maintains Renk at 'Buy' - Target 35 euros
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has maintained its rating for Renk at "Buy" with a price target of €35 following the announced change in the defense industry supplier's leadership. CEO Susanne Wiegand, who departs at the end of January, has doubled sales and significantly increased margins, as well as accomplished the IPO, wrote analyst Marie-Therese Grübner in a study published Wednesday. In this respect, the negative price reaction is understandable. However, the expert sees "nothing ominous" in the short-term change of guard./edh/gl
Publication of the original study: November 27, 2024 / 8:25 a.m. / CET First distribution of the original study: November 27, 2024 / 8:25 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg lowers target for Renk to 33 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg lowered its price target for Renk from €35 to €33, but maintained its "Buy" rating. The defense technology company needs a strong fourth quarter to achieve its annual targets, analyst George McWhirter wrote in his commentary published Friday. However, this is not unusual in the industry. The expert is confident that this will succeed and sees a good entry opportunity despite slightly lowered estimates./ag/ajx
Publication of the original study: November 22, 2024 / 6:29 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB maintains Renk at 'Buy' - Target 35 euros
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has maintained its rating for Renk at "Buy" with a price target of €35. Analyst Marie-Therese Grübner highlighted the tank transmission manufacturer's reassuring margin development in her review of the positive third quarter published on Monday./ag/la
Publication of the original study: November 18, 2024 / 8:28 a.m. / CET
First distribution of the original study: November 18, 2024 / 8:28 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains Renk's 'Buy' rating - target EUR 29
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Renk with a price target of €29. The adjusted operating result for the third quarter was better than expected, wrote analyst Christophe Menard in his commentary published Thursday./ag/mis
Publication of the original study: November 14, 2024 / Time not specified in the study / CET
First distribution of the original study: November 14, 2024 / 08:15 / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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JPMorgan leaves Renk at 'Neutral' - Target 30 euros
NEW YORK (dpa-AFX Analyst) - US bank JPMorgan has maintained its rating for Renk at "Neutral" with a price target of €30 following its quarterly results. The defense company's operating profit (EBITA) exceeded low expectations, analyst David Perry wrote in an initial reaction released Wednesday. The company still has a lot to do in the final quarter to achieve its operating profit (EBITA) target. His own EBITA forecast for the full year remains a challenge./edh/tih
Publication of the original study: November 13, 2024 / 7:35 a.m. / GMT
First distribution of the original study: November 13, 2024 / 7:35 a.m. / GMT
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target 35 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Renk with a price target of €35. The defense company presented encouraging results for the third quarter, analyst George McWhirter wrote in an initial assessment released Wednesday. Operating profit (EBIT) was 12 percent above consensus, and this year's forecast was reaffirmed. He also mentioned the company's statement that the supply chain issues in the Vehicle Mobility Solutions (VMS) segment had been successfully resolved./tih/zb
Publication of the original study: November 13, 2024 / 7:23 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains 'Buy' rating on Renk - industry favorite
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its rating for Renk at "Buy" with a price target of €35. Analyst George McWhirter sees potential price weakness in European defense stocks in light of Donald Trump's election victory in the US as an entry opportunity into an industry with structural growth. A Trump presidency will lead to an acceleration of European defense spending, the expert wrote in his commentary on Wednesday. The years 2017 to 2021, during his first presidency, had already demonstrated this. McWhirter recalled that before the recent shift in opinion, the consensus had been that European defense stocks would outperform following a Republican victory. Renk is McWhirter's industry favorite./ag/zb
Publication of the original study: November 6, 2024 / 7:25 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB maintains Renk at 'Buy' - Target 35 euros
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has maintained its rating for Renk at "Buy" with a price target of €35. Since the last placement by financial investor Triton in early October, the tank transmission manufacturer's share has lost around 15 percent, analyst Marie-Therese Grübner wrote in a study published Thursday. Among the reasons were the prospect of a ceasefire in Ukraine and the "neutral news flow" ahead of the upcoming release of the third-quarter figures. Meanwhile, the briefing session with the future CFO, Anja Mänz-Siebje, has provided some confidence./ck/mis
Publication of the original study: October 17, 2024 / 7:51 a.m. / CEST
First distribution of the original study: October 17, 2024 / 8:00 a.m. / CEST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research maintains Renk's 'Buy' rating - target EUR 29
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has maintained its "Buy" rating for Renk ahead of third-quarter results, with a price target of €29. While revenue is expected to have recovered by 19 percent, operating profit (EBIT) is expected to have increased by only two percent, analyst Christophe Menard wrote in a study released Monday. However, the latter is also due to a strong prior-year quarter. The final quarter, however, is likely to be better for the tank transmission manufacturer./mis/edh
Publication of the original study: October 7, 2024 / Time not specified in the study / CET
First distribution of the original study: October 7, 2024 / 8:10 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Hauck Aufhäuser IB lowers target for Renk to 35 euros - 'Buy'
HAMBURG (dpa-AFX Analyst) - Hauck Aufhäuser Investment Banking has cut its price target for Renk from €35.40 to €35, but maintained its "Buy" rating. The third quarter was unexciting, wrote analyst Marie-Therese Grübner in her commentary published Wednesday on the last contact with management before the defense company's interim report. Orders were "coming in rather slowly," and profitability did not improve noticeably either. Now, the seasonally strong final quarter is particularly important./ag/tav
Publication of the original study: October 2, 2024 / 7:59 a.m. / CEST
First distribution of the original study: October 2, 2024 / 8:08 a.m. / CEST
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG) and Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target 35 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained its "Buy" rating for Renk with a price target of €35. The capital markets day underpinned its positive opinion of demand potential, wrote analyst George McWhirter in his commentary published on Wednesday./ag/zb
Publication of the original study: September 11, 2024 / 5:48 a.m. / GMT
First distribution of the original study: Date not specified in study / Time not specified in study / Time zone not specified in study
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Deutsche Bank Research upgrades Renk to 'Buy' - target remains at 29 euros
FRANKFURT (dpa-AFX Analyst) - Deutsche Bank Research has raised its rating for Renk shares from "Hold" to "Buy," with the price target unchanged at €29. The capital markets day was very constructive, wrote analyst Christophe Menard in his commentary published on Wednesday. The targets through 2029 are a clear indication of high confidence./ag/mis
Publication of the original study: September 11, 2024 / Time not specified in study / CET
First distribution of the original study: September 11, 2024 / 8:05 a.m. / CET
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.
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Berenberg maintains Renk's 'Buy' rating - target 35 euros
HAMBURG (dpa-AFX Analyst) - Private bank Berenberg has maintained a "Buy" rating on Renk with a price target of €35. Following an in-house investor event with the tank transmission manufacturer, he raised his estimates, wrote analyst George McWhirter in a report published Wednesday. Growth in the defense industry should continue.
Publication of the original report: August 28, 2024 / 5:48 a.m. / GMT
First distribution of the original report: Date not specified in report / Time not specified in report / Time zone not specified in report
Note: Information on the disclosure obligation in the event of conflicts of interest within the meaning of Section 85 (1) of the German Securities Trading Act (WpHG), Article 20 of Regulation (EU) No. 596/2014 for the aforementioned analyst firm can be found at http://web.dpa-afx.de/offenlegungspflicht/offenlegungs_pflicht.html.