Warburg raises target for Mutares stock from EUR 41 to EUR 45

Published on 10/25/2026 at 13:18 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Mutares stock has third-quarter results due on November 12, 2026. Natura sale targets fourth-quarter 2026, while NGS cites an EUR 880 million backlog.

Portfolio events and valuation

Warburg Research raised its Mutares target from EUR 41.00 to EUR 45.00 on October 22, 2026.
Nord Gas Solutions reported an EUR 880.00 million order backlog on October 14, 2026.
Mutares stock closed at EUR 28.50 on October 23, 2026.

Moderne Glas-Bürozentrale in München bei Sonnenuntergang mit Passanten auf der Plaza — Fotorealistische Bürozentrale in München symbolisiert Mutares SE & Co. KGaA, ISIN DE000A0Z23Y2, im warmen Abendlicht, Illustration mit AI erstellt.

Mutares stock (ISIN DE000A2NB650) has a EUR 45.00 price target from Warburg Research, up from EUR 41.00 on October 22, 2026, according to MarketScreener. The latest company transaction is a planned sale of Natura, a Polish drugstore chain, to Grupa Specjal.

Analyst target follows portfolio moves

The October 20, 2026 term sheet covers Natura and targets signing and closing in the fourth quarter of 2026, subject to Polish merger clearance. MarketScreener reported that Natura operates more than 190 stores and an e-commerce platform.

What do the portfolio figures show?

The recent sequence points to active portfolio management. On October 14, 2026, Nord Gas Solutions reported a record EUR 880.00 million order backlog and projected 2026 revenue above EUR 575.00 million, according to MarketScreener. On October 15, 2026, Mutares completed the Steinmuller Engineering acquisition; the business had delivered more than 1,300 projects for over 500 customers, as reported by MarketScreener.

Three dated portfolio events

On October 14, 2026, Nord Gas Solutions cited an EUR 880.00 million backlog. On October 15, 2026, Steinmuller Engineering brought more than 1,300 completed projects into the portfolio. On October 22, 2026, Warburg Research lifted its target from EUR 41.00 to EUR 45.00.

Which dates come next?

Mutares lists November 12, 2026, for publication of third-quarter 2026 results and November 19, 2026, for its London Investor Day in its investor-relations calendar.

Stock closes at EUR 28.50

The last Xetra closing price was EUR 28.50 on October 23, 2026. The figure places the stock below Warburg Research's EUR 45.00 target, while the upcoming results date gives investors the next formal checkpoint. The further course of trading is shown by the continuously updated real-time quote of Mutares stock.