Hochtief stock gains as Deutsche Bank cuts target to EUR 411

Hochtief stock traded at EUR 385.60 on Thursday, October 29, 2026, at 16:40:13 Berlin time on Lang & Schwarz, up 1.85 percent from the EUR 378.60 Xetra close on October 28. The move came as investors weighed a lower Deutsche Bank price target against the contractor's upcoming interim results.

Deutsche Bank lowers target, keeps Hold

Deutsche Bank Research cut its Hochtief price target to EUR 411 from EUR 458 while retaining its Hold recommendation, according to Aktiencheck, which carried the dpa-AFX analyst report on October 29.

Analyst Isabella Baxter left the rating unchanged. The report said the upcoming figures from parent company ACS and its capital markets day on November 12 could provide additional information on shared businesses including Turner and CIMIC, as well as on ACS's medium-term targets.

Results provide the next test

Hochtief's next scheduled report covers the period from January through September 2026 and is due on November 5. The company's second-quarter figures provide the latest reported operating benchmark: earnings per share were EUR 3.42, compared with EUR 2.30 a year earlier, while quarterly revenue reached EUR 10.74 billion, according to finanzen.ch.

For investors, the November release will indicate whether the reported growth carried into the third quarter. The lower target does not by itself establish a change in the company's operating outlook; it is an adjustment to Deutsche Bank's valuation view.

What has changed since the last report

The latest own report dated October 29 cited a Hochtief price of EUR 381.40. The subsequent Lang & Schwarz quote of EUR 385.60 represents a 1.10 percent increase from that reference, a separate comparison from the 1.85 percent move against the previous Xetra session.

Investors can follow the real-time quote of Hochtief stock for later trading updates.

German equities are covered in the DAX market environment, although this article does not attribute Hochtief's move to the index.

More news and analyses on Hochtief stock are available on the company's topic page.