Acerinox stock gains after Citi lifts its target to EUR 20

Published on 09/19/2026 at 21:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Citi raised its Acerinox stock target to EUR 20 from EUR 18 on September 19, 2026. Bolsamania said the steel backdrop drove the call, while Acerinox traded at EUR 17.18 on September 18, 2026.

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Acerinox stock (ES0132105018) is trading near EUR 17.18 after a EUR 20 Citi target on September 19, 2026, leaves the shares 4.8 percent below that level. The move comes after Bolsamania reported that Citi lifted its price target from EUR 18 to EUR 20 and kept a Buy rating on September 19, 2026.

Target reset

According to Bolsamania, Citi tied the higher valuation to stronger steel prices and raised its estimate for Acerinox on September 19, 2026. That makes EUR 20 the fresh reference point for the stock, while the quoted share price stood at EUR 17.18 on September 18, 2026.

Bolsamania also said Acerinox closed the first half of 2026 with net profit of EUR 77 million, compared with a loss of EUR 18 million a year earlier. The same report noted that the shares rose 10.70 percent in that session, showing how quickly the market has reacted to the earnings turnaround.

Profit swing

The half-year figures add a concrete operating backdrop: revenue reached EUR 3,200 million in the first half of 2026, while net profit was EUR 77 million and the year-earlier result was a EUR 18 million loss, according to Bolsamania. That combination leaves investors with a simple comparison: a EUR 95 million swing in net result from one half-year to the next.

For the stock, the key question is whether higher steel prices can support the improved profit trend into the next reporting round. The latest cited market quote puts Acerinox below the analyst target, but not far from it.

Stock stays below target

Acerinox stock was last quoted at EUR 17.18 on September 18, 2026, with a market capitalization of EUR 4,283.58 million and volume of 739,421 shares, according to Bolsamania market data. The 52-week range in the same snapshot ran from EUR 15.052 to EUR 20.3565, so the shares still trade in the upper part of that band.