ACS stock trades at EUR 92.93 as Deutsche Bank cuts target
Published on 09/29/2026 at 16:24 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
ACS stock (ISIN ES0167050915) was trading at EUR 92.93 at Lang & Schwarz on September 29, 2026 at 4:07 p.m. CEST, down 0.16 percent versus the prior close of EUR 93.08. On September 28, 2026, Bolsamania reported that Deutsche Bank had lowered its price target while keeping its Buy recommendation.
Deutsche Bank trims its target
Deutsche Bank reduced the ACS price target from EUR 135.00 to EUR 129.00 on September 28, 2026, according to Bolsamania. The revised target stands 38.81 percent above the Lang & Schwarz price of EUR 92.93, calculated against the September 29, 2026 intraday quote.
The change leaves two signals in tension. Deutsche Bank kept its Buy view, while the lower target reflects a more cautious valuation backdrop for ACS exposure to artificial intelligence infrastructure, as described in the September 28 report.
H1 profit reaches EUR 510.0 million
In an earnings call held on July 29, 2026, ACS management reported operational net profit of EUR 510.0 million for the first half of 2026, up 30.0 percent year over year, according to Yahoo Finance. Sales rose 12.0 percent on an FX-adjusted basis to EUR 26.2 billion, while EBITDA increased 14.2 percent to EUR 1.6 billion.
The same H1 2026 call put the order backlog at EUR 105.9 billion, up 21.0 percent on a comparable basis, with a book-to-bill ratio of 1.3 times. ACS also raised its 2026 operational net profit guidance to growth of 30.0 percent to 35.0 percent, equivalent to EUR 1.1 billion to EUR 1.15 billion, according to Yahoo Finance.
November 12 sets the next checkpoint
ACS is scheduled to publish its nine-month results and hold a Capital Markets Day on November 12, 2026, according to Benzinga. That event should provide a further test of Turner margins, digital infrastructure demand and the conversion of the backlog into earnings.
ACS stock holds near EUR 93.00
At Lang & Schwarz, ACS stock was trading at EUR 92.93 on September 29, 2026 at 4:07 p.m. CEST, down 0.16 percent versus the prior close of EUR 93.08. The company had a market capitalization of EUR 24.7 billion on September 29, 2026, while its 52-week range was EUR 66.60 to EUR 141.20.
ACS stock facts
- Company: ACS, Actividades de Construccion y Servicios, S.A.
- ISIN: ES0167050915
- Ticker: ACS
- Primary exchange: BME
- Price Lang & Schwarz (as of September 29, 2026, 4:07 p.m. CEST): EUR 92.93
- Change versus prior close: minus 0.16 percent
- Prior close Lang & Schwarz (September 28, 2026): EUR 93.08
- Market capitalization: EUR 24.7 billion (as of September 29, 2026)
- 52-week range: EUR 66.60-EUR 141.20 (as of September 29, 2026)
- Sector / Industry: Industrials / Engineering and Construction
