Barclays raises target for Sacyr stock to EUR 4.20

Published on 10/09/2026 at 14:48 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 9.00 percent to EUR 2.437 billion in 2026. Sacyr stock was EUR 3.91 on October 9, 2026, plus 0.26 percent versus EUR 3.90.

Key points in brief

Barclays raised its Sacyr target from EUR 4.10 to EUR 4.20 on October 9, 2026.
First-half 2026 revenue rose 9.00 percent to EUR 2.437 billion and net profit increased 157.00 percent to EUR 78.00 million.
Sacyr stock was EUR 3.91 at Lang & Schwarz on October 9, 2026, up 0.26 percent versus the EUR 3.90 prior close.

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Sacyr (ISIN ES0182870214) was trading at EUR 3.91 at Lang & Schwarz on October 9, 2026 at 2:39 p.m. CEST, while Barclays raised its target from EUR 4.10 to EUR 4.20 on October 9, 2026, according to Bolsamania. The target revision adds a valuation reference to a stock trading 0.26 percent above its EUR 3.90 prior close at Lang & Schwarz.

Three dated milestones

On August 31, 2026, Sacyr received its first investment-grade corporate rating, BBB- with a stable outlook, according to Benzinga. On September 7, 2026, the company communicated its selection for the Ruta 57 concession in Chile, with construction investment estimated at EUR 800 million and projected revenue of EUR 2.8 billion over 20 years, the same report said.

The latest milestone came on October 9, 2026, when Barclays lifted its Sacyr target to EUR 4.20 from EUR 4.10 and maintained an overweight recommendation, according to Bolsamania. The new target is EUR 0.29 above the Lang & Schwarz price, but the two values come from different quotation references and are not combined into a percentage.

First-half figures support the case

Sacyr reported revenue of EUR 2.437 billion in the first half of 2026, up 9.00 percent from the first half of 2025. EBITDA reached EUR 708 million, also up 9.00 percent, with an EBITDA margin of 29.10 percent, according to the company presentation covered in the Yahoo Finance transcript dated July 30, 2026.

Net profit attributable to shareholders rose 157.00 percent to EUR 78 million from EUR 31 million in the first half of 2025. Operating cash flow increased 18.00 percent on a comparable basis to EUR 631 million, while concession assets generated 91.00 percent of EBITDA, according to Quartr. The figures show why the target increase is tied to recurring concession cash flows rather than revenue growth alone.

What supports the higher target?

Sacyr's concession portfolio was valued at EUR 4.601 billion in the first half of 2026, up 16.00 percent from 2025, while the company targeted EUR 5.1 billion by 2027. The first-half cash dividend increased 122.00 percent to EUR 0.10 per share from EUR 0.045 per share a year earlier, according to Yahoo Finance.

Next date on the calendar

Sacyr's next earnings date is November 5, 2026, according to MeridianScreener. That date will give investors a fresh test of the 2026 growth profile, particularly operating cash flow and recourse debt.

Stock remains below its yearly high

Sacyr was trading at EUR 3.91 at Lang & Schwarz on October 9, 2026 at 2:39 p.m. CEST, up 0.26 percent versus the EUR 3.90 prior close dated October 8, 2026. The Lang & Schwarz quote remained below the 52-week high of EUR 4.95 and above the 52-week low of EUR 3.55 recorded for the same market context.

The further course of trading is shown by the continuously updated real-time quote of Sacyr stock.