Renta 4 raises Acerinox target to EUR 22.80 for Acerinox stock

Published on 10/20/2026 at 11:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

JP Morgan lifted its target to EUR 20.20 on October 15, 2026. Acerinox stock costs EUR 16.62 on October 20, 2026 versus EUR 20.20.

Acerinox enters a results test

Renta 4 set its Acerinox target at EUR 22.80 on October 5, 2026.
Acerinox earned EUR 77.0 million with EUR 271.0 million EBITDA in the first half of 2026.
Acerinox stock trades at EUR 16.62 at 11:04 a.m. CEST at Lang & Schwarz on October 20, 2026.
Third-quarter results are scheduled for October 30, 2026.

Architekturvisualisierung eines modernen Edelstahlwerks mit Silos und Fassaden — Architektur-Render einer modernen Edelstahlfabrik zeigt die Produktionsanlagen von Acerinox S.A. (ISIN ES0132105018) im Detail, Illustration mit AI erstellt.

Acerinox (ISIN ES0132105018) is trading at EUR 16.62 at Lang & Schwarz on October 20, 2026 at 11:04 a.m. CEST, while analyst targets remain above the market price. Bolsamania reported that Renta 4 raised its target from EUR 20.00 to EUR 22.80 on October 5, 2026. The revision puts the recovery of European operations and the performance of the US businesses at the center of the investment case.

Three dated signals for Acerinox

On June 30, 2026, Acerinox had earned EUR 77.0 million in the first half, compared with a EUR 18.0 million loss a year earlier, while EBITDA reached EUR 271.0 million, up 27.00 percent. Democrata carried those first-half figures on September 29, 2026. On October 5, Renta 4 raised its target to EUR 22.80, and on October 15, JP Morgan lifted its target from EUR 16.10 to EUR 20.20 while keeping a neutral recommendation, according to Estrategias de Inversion.

What supports the EUR 22.80 target?

The operating rebound gives the valuation a measurable foundation. First-half EBITDA of EUR 271.0 million was 27.00 percent above the prior-year period, while net income moved from a EUR 18.0 million loss to EUR 77.0 million. The counterweight is demand weakness in several end markets and continued pressure from the European business. Deutsche Bank expects third-quarter EBITDA of EUR 186.0 million, while Renta 4 expects EUR 189.5 million, as Bolsamania reported on October 5, 2026.

Dates for the next test

Acerinox is scheduled to publish third-quarter results on October 30, 2026, while full-year 2026 results are listed for February 26, 2027, according to Barrons. The October release will show whether the stronger first-half earnings trend continued into the period affected by new European steel safeguards.

Stock price and valuation gap

Acerinox has a market capitalization of EUR 4.1 billion as of October 20, 2026. Its 52-week range is EUR 11.03 to EUR 18.58, placing the current euro quote below the yearly high while leaving the stock above its yearly low. The stock was trading at EUR 16.62 at Lang & Schwarz on October 20, 2026 at 11:04 a.m. CEST.

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