Ferrovial stock draws a Hold rating after Kepler downgrade
Published on 09/23/2026 at 20:15 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Ferrovial stock drew a Hold rating after Kepler Cheuvreux downgraded the company on September 17, 2026. The BME-listed infrastructure group closed at EUR 47.73 on September 18, up 0.19 percent on the session.
Kepler shifts the rating
According to MarketScreener on September 17, 2026, Kepler Cheuvreux moved its view on Ferrovial to Hold and cut its price target. The report cited a last close of EUR 47.91 and an average target of EUR 61.72, a difference of 28.82 percent.
That comparison is the central market signal. The target remains materially above the cited closing level, yet the rating change puts more weight on valuation and execution than on a simple upside calculation.
Infrastructure scale in figures
Ferrovial's investor relations page identifies the company as a transport and infrastructure operator and lists fiscal year 2025 revenue of EUR 9.6 billion, capitalization of EUR 40.6 billion and total liquidity of EUR 5.1 billion. The same page also lists the September 16, 2026 release about autonomous machinery in airport construction, linking the group's operating profile to large infrastructure projects.
The fiscal year 2025 figures provide the balance sheet context for the rating debate. Revenue of EUR 9.6 billion and liquidity of EUR 5.1 billion show the scale against which the market evaluates concessions, construction activity and new project awards.
Stock stays below target
Ferrovial's reference close was EUR 47.73 on BME on September 18, 2026, with a 0.19 percent daily gain. The combination of a Hold rating, a EUR 61.72 target and fiscal year 2025 revenue of EUR 9.6 billion leaves valuation and project execution as the clearest points for market assessment.
Ferrovial market snapshot
- Company: Ferrovial SE
- Ticker: FER
- Trading venue: BME Spanish Exchanges
- Price (as of September 18, 2026): EUR 47.73, closing price
- Sector / Industry: Industrials / Infrastructure
