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NuWays initiates Lang & Schwarz with Buy, sets EUR 20 price target

PUBT·10/14/2026 07:01:23
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NuWays initiates Lang & Schwarz with Buy, sets EUR 20 price target
  • NuWays initiated coverage of Lang & Schwarz with a BUY rating, setting a 12-month target price of EUR 20.
  • Thesis centers on a reset earnings base post-PFOF ban and Trade Republic routing change, not an impaired franchise.
  • NuWays expects Structured Products to drive most group earnings from H2 2026, citing EUR 55 million segment trading result in FY25.
  • Forecasts call for FY27 trading result growth of about 7% and adjusted net profit growth of about 33% versus the prior year.
  • Valuation case cites 7.9x FY27e P/E versus peers at 10.3x, implying about 30% upside to the target price.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. LS - LANG & SCHWARZ AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_27082) on October 14, 2026, and is solely responsible for the information contained therein.