Berenberg ups Corbion after share price drop

Corbion NV

04/08/2025 09:36

** Berenberg upgrades Corbion CORB.AS to "hold" from "sell", saying a drop in the stock's price after Q2 results provides a profit-taking opportunity, while it expects falling sugar prices to improve the Dutch food ingredients maker's margins

** Corbion shares have dropped around 10% since Berenberg cut the stock in April and the current stock weakness is a good exit point from its "sell" recommendation, the broker says

** Berenberg highlights that falling sugar prices, a key input, could support EBITDA margins in 2026

** While the Capital Markets Day on November 20 may pave the way for JV options in biopolymers or pharma, the broker doubts a full sale of the group

** Berenberg expects Corbion to target 3–5% annual organic sales growth

** It sets its PT on the stock at 16.5 euros

** Out of eight analysts that cover the stock CORB.AS, five rate it "strong buy" or "buy,"​ and three​ rate it "strong sell"  - LSEG data

($1 = 0.8644 euros)

 (Reporting by Jérôme Terroy)

 ((jerome.terroy@thomsonreuters.com))