Leonardo stock trades at EUR 47.21, 28.8 percent below its high

Published on 10/12/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue hit EUR 10.0 billion in first-half 2026, up 12.00 percent. Leonardo stock costs EUR 47.21 on October 12, 2026 versus the Xetra close EUR 46.81.

Key points in brief

Leonardo stock traded at EUR 47.21 at Lang & Schwarz on October 12, 2026.
The price stood 28.75 percent below its EUR 66.26 52-week high.
First-half 2026 revenue reached EUR 10.0 billion, up 12.00 percent year over year.
BofA cut its target from EUR 79.50 to EUR 71.00 while maintaining a Buy rating.

Pop-Art-Comic-Illustration eines stilisierten Kampfjets über einer Stadtsilhouette — Pop-Art-Comic mit Kampfjet visualisiert Luftfahrt- und Rüstungsbranche von Leonardo S.p.A., ISIN IT0003856405, Illustration mit AI erstellt.

Leonardo stock (ISIN IT0003856405) was trading at EUR 47.21 at Lang & Schwarz on October 12, 2026 at 1:16 p.m. CEST, up EUR 0.40 or 0.85 percent versus the Xetra close of October 9, 2026 at EUR 46.81. The price was 28.75 percent below its 52-week high of EUR 66.26.

Revenue and orders set the baseline

Leonardo's first-half 2026 revenue reached EUR 10.0 billion, up 12.00 percent year over year, while new orders rose to EUR 16.0 billion, a 45.00 percent increase. Leonardo reported EBITA of EUR 780.0 million for the period, up 34.00 percent year over year, and upgraded its fiscal 2026 guidance.

The market valuation remains measurable against the latest quote. Leonardo's market capitalization was EUR 27.2 billion, with a price-to-earnings ratio of 24.23, while trading volume reached 444,655 shares against an average of 1,937,947 on October 12, 2026.

Target reset leaves a wide gap

On October 1, 2026, BofA Securities lowered its Leonardo price target from EUR 79.50 to EUR 71.00 while maintaining a Buy rating, according to Investing.com. The new target lies 50.38 percent above the Lang & Schwarz price, although that comparison uses a different currency reference only when both values are in euros, as they are here.

The target change is the clearest valuation counterpoint to the operating figures. The lower target still stands above the current euro quote, but the gap to the 52-week high shows that the stock remains below its earlier peak even as first-half orders expanded.

Results date is November 5

Leonardo's investor calendar lists November 5, 2026 for its nine-month 2026 results. The date gives the next scheduled company-specific checkpoint after the first-half figures, with revenue, orders and cash flow likely to remain the central metrics for market comparison.

Comparison with peers

Leonardo: plus 0.85 percent, P/E 24.23, market capitalization EUR 27.2 billion

Rheinmetall (Xetra, EUR): plus 1.78 percent, P/E 62.11, market capitalization EUR 44.6 billion

BAE Systems (LSE, GBp): plus 1.72 percent, P/E 27.03, market capitalization GBP 55.4 billion

Price remains below yearly high

At EUR 47.21, Leonardo was 28.75 percent below its EUR 66.26 52-week high and 6.69 percent above its EUR 44.25 low on October 12, 2026. The Lang & Schwarz quote was in trading at 1:16 p.m. CEST, versus the Xetra close of October 9, 2026 at EUR 46.81. The further course of trading is shown by the continuously updated real-time quote of Leonardo stock.