Citi raises target for Acerinox stock from EUR 18.00 to EUR 20.00

Published on 10/07/2026 at 14:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

EBITDA hit EUR 271.00 million in the first half of 2026, up 27.00 percent. Acerinox stock costs EUR 16.94 on October 7, 2026 after EUR 16.95.

Extreme Nahaufnahme einer gebürsteten Edelstahloberfläche mit feiner Textur — Makroaufnahme einer gebürsteten Edelstahloberfläche zeigt die Materialqualität, wie sie Acerinox S.A. (ISIN ES0132105018) produziert, Illustration mit AI erstellt.

Acerinox stock (ISIN ES0132105018) was trading at EUR 16.94 at Lang & Schwarz on October 7, 2026 at 1:59 p.m. CEST, minus 0.06 percent versus the prior close of EUR 16.95. On September 15, 2026, Citi raised its Acerinox price target from EUR 18.00 to EUR 20.00 while maintaining a buy recommendation, as Estrategias de Inversion reported.

Citi raises the valuation anchor

The EUR 20.00 target stands 18.06 percent above the Lang & Schwarz price of EUR 16.94. That gap gives the analyst call a clear valuation message, but the target remains an external assessment rather than a company forecast.

The same September 15 report placed Acerinox near its 2026 highs and cited a 15.60 percent potential gain from the market level used by Citi. The target revision therefore combines a higher valuation reference with a recommendation that already assumes further execution by the stainless-steel producer.

First-half profit reverses the loss

Acerinox reported EUR 77.00 million of net income in the first half of 2026, compared with a EUR 18.00 million loss in the first half of 2025, according to Estrategias de Inversion.

First-half EBITDA reached EUR 271.00 million, up 27.00 percent from the first half of 2025. Acerinox investor-relations materials identify the H1 2026 interim management report and the Q2 2026 results presentation as the latest interim reporting materials on the company site, Acerinox shows.

Stock remains below the yearly high

The primary BME listing had a 52-week range of EUR 11.03 to EUR 18.58 on October 7, 2026, while market capitalization stood at EUR 4.2 billion. The Lang & Schwarz price was 8.83 percent below that 52-week high, leaving the chart position below the August peak cited in the September analysis.

For investors, the key comparison is between the improving first-half earnings profile and the target valuation. Profit returned to positive territory, EBITDA grew 27.00 percent, and Citi's EUR 20.00 target sits above both the current euro quote and the recent market range.

Trading stays near EUR 17.00

Acerinox was trading at EUR 16.94 at Lang & Schwarz on October 7, 2026 at 1:59 p.m. CEST, down 0.06 percent from the Lang & Schwarz prior close of EUR 16.95. The further course of trading is shown by the continuously updated real-time quote of Acerinox stock.