RENK sells slide bearings unit. Jefferies keeps EUR 60 target for RENK Group stock

RENK Group stock was trading at EUR 36.62 at Lang & Schwarz on October 27, 2026, at 12:35 p.m. CET, 0.49 percent below the Xetra close of October 26, 2026 at EUR 36.80. The company had announced on October 22 that it would sell its Slide Bearings business to Miba AG and update its 2026 guidance, according to RENK. Jefferies kept a EUR 60.00 target and its Buy rating on October 21, according to MarketScreener.

Sale changes the reporting base

The divested unit will be reported as a discontinued operation from the fourth quarter of 2026. RENK will therefore present its outlook on continuing operations consisting of Vehicle Mobility Solutions and Marine & Industry, while the purchase price remains confidential, the company said on October 22 through GlobeNewswire. The updated fiscal 2026 adjusted EBIT guidance is EUR 240 million to EUR 255 million.

What does the order flow mean?

RENK's pre-close call on October 21 gave investors a second operating signal. The company said it secured a EUR 30 million follow-on order from Patria for TRACKX transmissions and a contract extension with KNDS worth EUR 130 million, with deliveries scheduled from 2029 through 2032, according to RENK. The same call said third-quarter order intake was expected to exceed the EUR 300 million to EUR 400 million corridor.

Chronology also shows how the investment case is changing. On August 6, 2026, RENK reported first-half revenue of EUR 1.366 billion, order intake of EUR 1.571 billion and adjusted EBIT of EUR 230 million on its investor-relations page. On October 21, 2026, the pre-close call cited the EUR 30 million Patria order. On October 22, 2026, RENK announced the Slide Bearings sale and the EUR 240 million to EUR 255 million adjusted EBIT guidance.

Analyst caution meets results date

JPMorgan cut its target from EUR 62.00 to EUR 50.00 on October 21, 2026, while keeping its Overweight rating. The bank cited slower expected ramp-up of German armored-vehicle programs and weaker industrial prospects, according to MarketScreener. RENK is scheduled to publish its nine-month 2026 results and hold the related call on November 5, 2026, as stated in the pre-close transcript.

Price stays below the prior close

The market is weighing a sharper defense focus against a lower continuing-operations forecast and the analyst target cut. RENK Group stock was trading at EUR 36.62 at Lang & Schwarz on October 27, 2026, at 12:35 p.m. CET, down 0.49 percent versus the Xetra close of October 26, 2026 at EUR 36.80. The further course of trading is shown by the continuously updated real-time quote of RENK Group stock.

Market context: Market report MDAX.

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