Analyst Initiation and Target
Deutsche Bank AG on 12 June 2026 initiated coverage of Alzchem Group AG, assigning a “buy” rating and setting a price target of €256 per share. The target represents an implied upside of approximately 40.8% from the previous closing price of €181.80.
Analyst Commentary
Analyst Manuela Stuerzer noted that Alzchem occupies a unique position in the calcium carbide and calcium cyanide value chain and that its vertically integrated production model creates a clear competitive advantage and high entry barriers.
Company Background and Business Model
Founded in 1908, Alzchem operates a “Verbundsystem” that links raw materials, intermediates and specialty products, which the bank said supports security of supply, cost efficiency and production flexibility.