Spie stock falls 1.15 percent as debt refinancing advances

Published on 09/29/2026 at 09:02 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Spie stock was last at EUR 42.96 on September 28, 2026, after a 1.15 percent decline. Jefferies raised its target to EUR 55.00 as H1 revenue rose 3.6 percent.

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Spie stock (ISIN FR0012757854) was last at EUR 42.96 on Euronext Paris on September 28, 2026 at 5:35 p.m. CEST, down 1.15 percent from the prior close of EUR 43.46. The latest corporate catalyst is a EUR 500.0 million sustainability-linked bond issued to refinance part of the group debt.

Debt refinancing sets the latest catalyst

According to GlobeNewswire on September 22, 2026, SPIE placed senior notes due 2032 with a 4.875 percent coupon. The company also launched a repurchase invitation for up to EUR 388.0 million of its 2028 ORNANEs, with the remaining instruments scheduled for early redemption on October 22, 2026.

The refinancing changes the maturity profile but adds a visible financing cost. The September 24 results showed that SPIE accepted the repurchase of 2,801 ORNANEs for total consideration of EUR 388.0 million, according to GlobeNewswire.

H1 growth supports the valuation case

SPIE delivered EUR 5.157 billion of revenue in the first half of 2026, up 3.6 percent year over year. EBITA rose 6.9 percent to EUR 321.0 million, and the margin expanded 20 basis points to 6.2 percent, according to Yahoo Finance.

The contrast is clear: operating profitability grew faster than revenue during H1 2026. That gives the stock a fundamental support point even as the September 28 price remained EUR 10.49 below its 52-week high of EUR 53.45, a 19.62 percent gap.

Jefferies lifts target to EUR 55.00

On September 10, 2026, Jefferies raised its recommendation from Hold to Buy and increased its price target from EUR 50.00 to EUR 55.00, as reported by Yahoo Finance. The new target lies 28.00 percent above the September 28 reference price, matching the brokerage view that recent weakness overstated the operating risk.

Stock trades above yearly low

SPIE stock was last at EUR 42.96 on Euronext Paris on September 28, 2026, with a 52-week range of EUR 41.44 to EUR 53.45, market capitalization of EUR 7.3 billion and volume of 379,378 shares. ABC Bourse lists October 30, 2026 as the next third-quarter revenue publication date.