Citi keeps EUR 50.00 target for Aperam stock

Published on 10/15/2026 at 09:59 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Aperam expected Q3 adjusted EBITDA below EUR 130.00 million. Aperam stock costs EUR 38.45 on October 15, 2026, 0.70 percent below the Xetra close.

Trading and earnings outlook

Citi kept a EUR 50.00 target for Aperam on October 6, 2026.
Aperam's Q3 adjusted EBITDA consensus was EUR 113.00 million on October 6, 2026.
Aperam stock trades at EUR 38.45 at 9:45 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.70 percent below the Xetra close of October 14, 2026.

Aperam, LU0569974404, Illustration mit AI erstellt.

Aperam stock (ISIN LU0569974404) was trading at EUR 38.45 at Lang & Schwarz on October 15, 2026 at 9:45 a.m. CEST, 0.70 percent below the Xetra close of October 14, 2026 at EUR 38.72. On October 6, 2026, Citi Research kept a Hold rating and a EUR 50.00 target, according to Beurs.nl. The target is 30.04 percent above the Lang & Schwarz price.

Q3 guidance remains below Q2

Aperam expected adjusted EBITDA in the third quarter of 2026 to come in below EUR 130.00 million from the second quarter but above EUR 90.00 million from the first quarter. The company-compiled consensus stood at EUR 113.00 million, while higher energy costs were expected to reduce EBITDA by EUR 20.00 million per quarter, according to Deutsche Boerse on October 6, 2026.

What does the Q3 setup imply?

The comparison with the first half of 2026 shows the scale of the expected slowdown. Aperam reported revenue of EUR 3.264 billion, EBITDA of EUR 249.00 million, net income of EUR 119.00 million and free cash flow of EUR 73.00 million for the first half, according to Ideal Investisseur. For investors, the key test is whether Brazil's seasonal support and the Alloys and Specialties business can offset weaker European demand.

Three dated operating signals

On July 30, 2026, Aperam reported first-half revenue of EUR 3.264 billion. On October 6, 2026, it confirmed third-quarter adjusted EBITDA below EUR 130.00 million but above EUR 90.00 million and said energy costs could reduce EBITDA by EUR 20.00 million per quarter, according to Deutsche Boerse.

Results and investor day dates

Aperam is scheduled to publish third-quarter and nine-month 2026 results before the market opens on November 6, 2026, followed by a conference call at 2:00 p.m. CET. The company also lists a Capital Markets Day in Paris for November 18, 2026, according to Deutsche Boerse.

Trading level and valuation

The stock was trading at EUR 38.45 at Lang & Schwarz on October 15, 2026 at 9:45 a.m. CEST, 0.70 percent below the Xetra close of October 14, 2026 at EUR 38.72. Aperam's market capitalization was EUR 2.8 billion on October 15, 2026, while its 52-week range was EUR 29.50 to EUR 53.85.

The further course of trading is shown by the continuously updated real-time quote of Aperam stock.