Citi keeps EUR 50.00 target for Aperam stock 26.97 percent above price

Published on 10/14/2026 at 14:29 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aperam's market value is EUR 2.8 billion on October 14, 2026. Aperam stock costs EUR 39.38 on October 14, 2026, up 2.29 percent versus Euronext close.

Analyst view and valuation

Citi Research kept its EUR 50.00 target for Aperam on October 6, 2026.
Aperam had a EUR 2.8 billion market value on October 14, 2026.
Aperam stock costs EUR 39.38 at Lang & Schwarz on October 14, 2026 at 2:16 p.m. CEST, 2.29 percent above the Euronext close of October 13, 2026.
Aperam trades at a 22.59 price-to-earnings ratio and a 0.05 percent dividend yield.

Aperam, LU0569974404, Illustration mit AI erstellt.

Aperam (ISIN LU0569974404) is valued at EUR 2.8 billion on October 14, 2026, while Citi Research keeps a EUR 50.00 target and a Hold rating. ABM Financial News reported on October 6, 2026 that Citi repeated the rating and target. The target lies 26.97 percent above the EUR 39.38 price. Aperam stock was trading at EUR 39.38 at Lang & Schwarz on October 14, 2026 at 2:16 p.m. CEST, 2.29 percent above the Euronext close of October 13, 2026 at EUR 38.50.

Citi keeps a EUR 50.00 target

The target leaves a measurable gap between the current euro quotation and Citi's valuation marker. The 26.97 percent distance uses EUR 50.00 divided by EUR 39.38 minus one, keeping both figures in the same currency.

For investors, the rating also frames the steelmaker's near-term earnings debate. Citi cited downside risks to 2026 earnings and said market expectations for annual EBITDA of EUR 525.00 million could be too high, while its own 2027 estimate stood at EUR 707.00 million, according to ABM Financial News on October 6, 2026.

Adjusted EBITDA remains the key metric

Aperam's October 6, 2026 update put adjusted EBITDA for the third quarter below the EUR 130.00 million second-quarter result but above the EUR 90.00 million first-quarter result. The company-compiled consensus stood at EUR 113.00 million, according to FinanzNachrichten.

Price position on Euronext

The EUR 39.38 quote sits EUR 14.47 below the 52-week high of EUR 53.85 and EUR 9.88 above the low of EUR 29.50. The distance to the high is 26.87 percent, calculated from the same euro price series.

Aperam's price-to-earnings ratio was 22.59 and its trailing dividend yield was 0.05 percent on October 14, 2026. The company trades on Euronext Amsterdam under ticker APAM.AS and operates in basic materials, with steel as its industry.

Comparison with peers

Aperam (Euronext Amsterdam, EUR): plus 2.29 percent, P/E 22.59, market capitalization EUR 2.8 billion.

Outokumpu (Nasdaq Helsinki, EUR): plus 1.10 percent, P/E minus 28.64, market capitalization EUR 2.4 billion.

Acerinox (Bolsa de Madrid, EUR): plus 1.49 percent, P/E 50.12, market capitalization EUR 4.2 billion.

Results date is November 6

Aperam has scheduled publication of its third-quarter and nine-month results for November 6, 2026, before the market opens, with a conference call at 2:00 p.m. CET. The same release also lists a capital markets day in Paris for November 18, 2026, according to FinanzNachrichten.

Trading stays above the October 13 close

The Lang & Schwarz quotation was EUR 39.38 on October 14, 2026 at 2:16 p.m. CEST, up 2.29 percent versus the Euronext close of October 13, 2026 at EUR 38.50. The further course of trading is shown by the continuously updated real-time quote of Aperam stock.