Acerinox stock trades at EUR 17.35 as Citi lifts its target

Published on 09/30/2026 at 13:39 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Acerinox stock generated EUR 2.966 billion in first-half 2026 revenue, while net income reached EUR 77 million. The next quarterly report is listed for October 30, 2026.

Glühende Stahlcoils in einem Edelstahlwerk mit Arbeitern in Schutzausrüstung — Fotorealistische Ansicht eines Edelstahlwerks zeigt Acerinox S.A. (ISIN ES0132105018) mit glühenden Stahlcoils und Arbeitern, Illustration mit AI erstellt.

Acerinox (ISIN ES0132105018) stock was trading at EUR 17.35 at Lang & Schwarz on September 30, 2026, up 0.52 percent from the EUR 17.26 prior close. The latest analyst revision puts the recovery story against a more demanding valuation backdrop.

Citi lifts target to EUR 20.00

According to Bolsamania on September 15, 2026, Citi raised its Acerinox price target from EUR 18.00 to EUR 20.00 and retained its buy recommendation. The target increase is 11.11 percent, while the new target stands EUR 2.65 above the Lang & Schwarz price on September 30, 2026.

Citi linked the revision to stronger European steel prices and higher earnings estimates. Its sector EBITDA forecasts for 2026 and 2027 rose between 3.00 percent and 8.00 percent, while higher coking-coal costs remained a counter-factor, Bolsamania reported.

First-half profit returns

Acerinox posted EUR 2.966 billion in revenue and EUR 270 million in EBITDA for the first half of 2026, according to XTB on September 3, 2026. Net income reached EUR 77 million, compared with a EUR 18 million loss in the first half of 2025, a EUR 95 million year-over-year swing.

Estrategias de Inversion also reported on September 15, 2026, that first-half EBITDA reached EUR 271 million, 27.00 percent above the prior-year level. The one-million-euro difference between the published EBITDA figures reflects source variation, so the operating trend is best read together with the consistent net-income recovery.

Stock stays below yearly high

Acerinox had a market capitalization of EUR 4.3 billion on September 30, 2026. Its 52-week range was EUR 10.99 to EUR 18.58, placing the current Lang & Schwarz price EUR 1.23 below the yearly high.

The next quarterly reporting date is listed as October 30, 2026, by Marketscreener. That date gives investors a defined checkpoint for testing whether the first-half earnings improvement is extending into the second half.

EUR 17.35 in trading

Acerinox stock was trading at EUR 17.35 at Lang & Schwarz on September 30, 2026, at 1:33 p.m. CEST, up 0.52 percent versus the Lang & Schwarz prior close of EUR 17.26 on September 29, 2026.