Noble Securities cuts target for Budimex stock to PLN 562.00

Published on 10/07/2026 at 13:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 8.00 percent to PLN 4.23 billion. Budimex stock costs EUR 159.10 on October 7, 2026 versus EUR 159.95, down 0.53 percent.

Budimex, PLBUDMX00013, Illustration mit AI erstellt.

Budimex (ISIN PLBUDMX00013) was trading at EUR 159.10 at Lang & Schwarz on October 7, 2026 at 1:31 p.m. CEST, down 0.53 percent versus the prior close of EUR 159.95. According to Strefa Inwestorow on September 17, 2026, Noble Securities cut its 12-month target for Budimex from PLN 619.00 to PLN 562.00 and kept a Sell rating.

Target cut meets rising revenue

The analyst action contrasts with Budimex's expanding first-half operating scale. Bankier.pl reported on September 11, 2026 that first-half 2026 revenue rose 8.00 percent year over year to PLN 4.23 billion, while EBIT reached PLN 309.0 million.

Net income attributable to the parent company was PLN 249.7 million in the first half of 2026, versus PLN 270.5 million in the same period of 2025. The combination points to a larger business base but weaker bottom-line conversion than a year earlier.

2027 growth target meets strategy date

Bankier.pl reported on September 11, 2026 that Budimex expects 2027 revenue to increase 6.00 percent to 10.00 percent year over year while maintaining profitability near its current level. Management also plans to present a new strategy with third-quarter results in late October.

The next reporting date is October 27, 2026, according to Finzer. That schedule gives the market a near-term test of whether the revenue trajectory can be sustained without further pressure on profitability.

Stock remains below its yearly high

The primary Warsaw Stock Exchange quote was last at PLN 696.20 on October 7, 2026 at 1:20 p.m. CEST. The same session data show a market capitalization of PLN 17.8 billion and a 52-week range of PLN 508.40 to PLN 814.00, placing the share below its yearly high while the euro quote moved lower.

Euro quote turns lower

Budimex was trading at EUR 159.10 at Lang & Schwarz on October 7, 2026 at 1:31 p.m. CEST, down 0.53 percent versus the Lang & Schwarz prior close of EUR 159.95 on October 6, 2026. The further course of trading is shown by the continuously updated real-time quote of Budimex stock.