Acerinox stock gains 1.17 percent after profit recovery

Published on 10/04/2026 at 16:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Acerinox stock was last at EUR 17.27 on BME after first-half net income reached EUR 77 million. Citi raised its target to EUR 20 from EUR 18 on September 15.

Aquarellillustration der Madrider Skyline bei Sonnenuntergang mit Hochhäusern — Aquarellmalerei der Madrider Skyline symbolisiert den Sitz von Acerinox S.A. (ISIN ES0132105018) nahe IBEX 35, Illustration mit AI erstellt.

Acerinox stock (ISIN ES0132105018) was last at EUR 17.27 on BME on October 2, 2026, up 1.17 percent from the prior session. The move followed a first-half recovery in which net income reached EUR 77 million, compared with a loss of EUR 18 million in the same period of 2025, according to Estrategias de Inversion on September 15, 2026.

Profit recovery sets the tone

The first-half EBITDA was EUR 271 million, 27 percent above the EUR 213.4 million implied by the prior-year comparison in the cited report. The result gives Acerinox a stronger operating base as demand conditions improve across Europe and the company continues to benefit from its US business.

The earnings quality matters because the profit rebound was accompanied by higher operating profitability rather than a one-off share-price effect. For investors, the key question is whether stainless steel pricing and margins can sustain the improvement into the second half.

Citi lifts its target to EUR 20

Citi raised its Acerinox price target from EUR 18 to EUR 20 and retained its Buy recommendation on September 15, 2026, as Bolsamania reported. The revised target is EUR 2.73, or 15.8 percent, above the October 2 price.

Investing.com lists a 14-analyst consensus rating of Buy, with 10 Buy ratings, 2 Hold ratings and 2 Sell ratings. The average 12-month target is EUR 18.957, with a low of EUR 14.80 and a high of EUR 23.70, placing the average 9.8 percent above the October 2 price.

Stock remains below its yearly high

Acerinox was last at EUR 17.27 on BME at 5:35 p.m. CEST on October 2, 2026, with 467,352 shares traded. Its 52-week range was EUR 11.03 to EUR 18.58, leaving the stock 7.1 percent below the yearly high.

The company is scheduled to publish third-quarter 2026 results on October 30, 2026, according to Marketscreener. That date gives the next clear test for the profit recovery and for the valuation implied by the new analyst targets.

EUR 17.27 on BME

Acerinox stock was last at EUR 17.27 on BME on October 2, 2026, at 5:35 p.m. CEST. Market capitalization was EUR 4.3 billion and volume was 467,352 shares.