Henkel: share price rises, broker confirms his recommendation

(CercleFinance.com) - Henkel gained over 1% in Frankfurt as Stifel confirmed its 'hold' rating on the stock, with an unchanged target price of 89 euros.


Henkel has announced that its quarterly results will be published on November 6, with a forecast of +3.0% organic sales growth for the Group as a whole. Adhesives (+3.5%) are expected to outperform consumer brands (+2.5%), and forecasts for fiscal 2024-2025 remain broadly unchanged.

'After significant margin growth in 1H24, cost-saving measures and portfolio rationalization should support Henkel's margin story for 2025-2026', reports Stifel.

According to the analyst, volume growth in consumer brands remains a key factor in improving organic sales momentum and boosting share price.

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