Bank of America keeps EUR 4.00 target for Sacyr stock

Published on 10/06/2026 at 17:07 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Bank of America keeps a EUR 4.00 target for Sacyr. Sacyr stock has a EUR 3.2 billion market value; first-half revenue rose 9.00 percent.

Architektonisches Render eines großen Staudamms mit türkisem Stausee in Berglandschaft — Architektur-Render eines Wasserkraftwerks illustriert Konzessionsgeschäft von Sacyr S.A. (ISIN ES0182870214) im Energiesektor, Illustration mit AI erstellt.

Sacyr (ISIN ES0182870214) has a EUR 3.2 billion market capitalization as of October 6, 2026, while Bolsamania reported that Bank of America reiterated its buy rating and EUR 4.00 price target for the company on October 6, 2026. The target is 25.00 percent above the EUR 3.20 reference level stated in that report, giving the analyst view a concrete valuation anchor.

First-half revenue reaches EUR 2.437 billion

According to Yahoo Finance, Sacyr reported first-half 2026 revenue of EUR 2.437 billion, up 9.00 percent from the first half of 2025. EBITDA reached EUR 708 million, also up 9.00 percent, while the EBITDA margin improved to 29.10 percent.

The same first-half 2026 presentation showed net profit attributable to shareholders of EUR 78 million, an increase of 157.00 percent from EUR 31 million in the first half of 2025. Operating cash flow rose 18.00 percent on a comparable basis to EUR 631 million, making cash generation a central counterweight to the group's investment needs.

Concessions drive the valuation case

Sacyr's concession assets were valued at EUR 4.601 billion in 2026, up EUR 644 million, or 16.00 percent, from the 2025 valuation, according to the first-half 2026 earnings transcript published by Yahoo Finance. Management is targeting a concession portfolio valuation of EUR 5.1 billion by 2027, excluding divestments.

The portfolio also generated EUR 19.9 billion of projected total distributions over the life of the concessions, up 17.00 percent from the Investor Day projection. The figures explain why the analyst case centers on recurring infrastructure cash flows rather than construction revenue alone.

Stock range keeps the debate open

Sacyr's primary listing is on BME under ticker SCYR.MC. The stock's 52-week range was EUR 3.55 to EUR 4.95 as of October 6, 2026, placing the market value below the annual high and leaving the EUR 4.00 analyst target close to the upper part of that range. The company operates across concessions, engineering and infrastructure, and water services.