UBS raises target for Befesa stock from EUR 47 to EUR 50

Published on 10/19/2026 at 09:49 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Jefferies cut its target to EUR 44 on October 13, 2026. Befesa stock costs EUR 34.25 on October 19, 2026, versus the EUR 34.00 Xetra close.

Analyst targets split ahead

UBS lifted its Befesa target to EUR 50.00 on October 13, 2026.
Second-quarter revenue reached EUR 304.28 million versus EUR 293.25 million a year earlier.
Befesa stock trades at EUR 34.25 at 9:43 a.m. CEST at Lang & Schwarz on October 19, 2026, 0.74 percent above the Xetra close of October 16, 2026.

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Befesa (ISIN LU1704650164) traded at EUR 34.25 at Lang & Schwarz on October 19, 2026, at 9:43 a.m. CEST, up 0.74 percent versus the Xetra close of October 16, 2026. The latest analyst update split the view: UBS raised its target from EUR 47.00 to EUR 50.00, while Jefferies cut its target from EUR 45.00 to EUR 44.00, according to finanzen.net on October 13, 2026.

Three events shape the setup

On July 29, 2026, Befesa reported adjusted EBITDA of EUR 66.00 million for the second quarter, up 17.00 percent year over year, and reaffirmed its full-year outlook, as listed by finanzen.net. On September 29, 2026, S&P upgraded Befesa's rating to BB+, with the event also recorded on the company analysis page.

On October 13, 2026, UBS lifted its target to EUR 50.00 and Jefferies reduced its target to EUR 44.00. The divergence matters because the two reports used different assumptions ahead of the third-quarter update: UBS expected steel-dust throughput to rise 1.00 percent from the prior quarter, while Jefferies cited a weaker third quarter and pressure on 2026 consensus forecasts, according to finanzen.net.

What does the target split mean?

The operating figures give both sides a measurable reference point. Revenue for the quarter ending June 30, 2026, reached EUR 304.28 million, compared with EUR 293.25 million in the same quarter a year earlier. Net profit increased to EUR 24.33 million from EUR 21.44 million, according to Markets Insider.

That revenue comparison equals growth of 3.76 percent, while net profit rose 13.84 percent. For investors, the key test is whether the next operating update supports the stronger UBS view or the more cautious Jefferies case.

Stock stays below the yearly high

The primary Xetra quote showed a 52-week range of EUR 26.60 to EUR 38.10 on October 19, 2026. Befesa's market capitalization was EUR 1.4 billion on the same date, and the Lang & Schwarz price remained EUR 3.85 below the 52-week high.

Befesa provides recycling services for steel dust and aluminum salt slags, with operations across Europe, Asia and North America. Its two reported operating segments are Steel Dust Recycling Services and Aluminium Salt Slags Recycling Services.

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