Equita keeps EUR 54 target for Buzzi stock as buyback runs

Published on 10/19/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Equita keeps a EUR 54 target for Buzzi stock on October 16, 2026. Buzzi bought 324,043 shares for EUR 12.07 million under its buyback.

Capital allocation and earnings

Equita maintained its EUR 54.00 target on October 16, 2026.
First-half 2026 EBITDA fell 8.20 percent to EUR 482.70 million.
Buzzi is scheduled to publish its next earnings report on November 5, 2026.

Makroaufnahme von grauem Zementpulver, Buzzi S.p.A., ISIN IT0001347308 — Makroaufnahme von Zementpulver zeigt das Kerngeschäft von Buzzi S.p.A., ISIN IT0001347308, im Baustoffsektor, Illustration mit AI erstellt.

Buzzi (ISIN IT0001347308) remained at the center of an Equita analyst update dated October 16, 2026, which maintained a EUR 54.00 price target. Boerse Express reported that the broker also kept its Buy rating and expects third-quarter revenue of EUR 1.25 billion.

Buzzi's latest capital move

Buzzi announced a buyback of up to EUR 100 million on September 30, 2026. The program began on October 1 and is scheduled to run through January 15, 2027, using available liquidity as part of the company's capital-allocation policy, according to Buzzi.

The company said it bought 324,043 shares between October 5 and October 9 for EUR 12.07 million. After those purchases, treasury shares totaled 420,843, equal to 0.24 percent of the share capital, according to the company release published on October 12, 2026 and carried by MarketScreener.

Three dates define the timeline

Buzzi's recent chronology runs from first-half results on August 4, 2026, to the EUR 100 million buyback launch on September 30, and the Equita target decision on October 16. The sequence links weaker profitability with a shareholder-return measure and a broker target that remains materially above the company's latest Milan-listed valuation.

What does the buyback mean?

The buyback is meaningful against Buzzi's first-half operating picture. Net sales reached EUR 2,188.5 million in first-half 2026 versus EUR 2,187.4 million a year earlier, an increase of 0.05 percent, while consolidated EBITDA fell 8.20 percent to EUR 482.7 million. Net profit declined 16.80 percent to EUR 324.5 million. These figures and the retained recurring EBITDA guidance of EUR 1.10 billion to EUR 1.20 billion for 2026 were reported by Capital.com.

Earnings remain the next test

The next scheduled reporting date is November 5, 2026, according to Investing.com. The date will put the EUR 1.10 billion to EUR 1.20 billion recurring EBITDA guidance alongside third-quarter revenue expectations of EUR 1.25 billion.

Capital allocation meets earnings pressure

Buzzi combines a large buyback authorization with lower first-half EBITDA and a scheduled earnings update. For investors, the key question is whether the October capital return can coexist with the operating recovery implied by the November revenue and EBITDA expectations.

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