UBS raised target for Befesa stock from EUR 47.00 to EUR 50.00

Published on 10/15/2026 at 11:14 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Befesa stock costs EUR 34.33 on October 15, 2026, 0.78 percent below the Xetra close. The next third-quarter report is due on October 29, 2026.

Analyst views shape the setup

UBS lifted its target from EUR 47.00 to EUR 50.00 on October 13, 2026.
Second-quarter revenue reached EUR 304.28 million versus EUR 293.25 million one year earlier.
Befesa stock trades at EUR 34.33 at 11:07 a.m. CEST at Lang & Schwarz on October 15, 2026, 0.78 percent below the Xetra close of October 14, 2026.
The next third-quarter report is scheduled for October 29, 2026.

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Befesa (ISIN LU1704650164) was trading at EUR 34.33 at Lang & Schwarz on October 15, 2026, at 11:07 a.m. CEST, down 0.78 percent versus the Xetra close of October 14, 2026, at EUR 34.60. The latest analyst signals point in different directions ahead of the company's third-quarter report.

Why did analyst targets diverge?

On October 13, 2026, UBS raised its Befesa target from EUR 47.00 to EUR 50.00 and maintained a Buy rating, according to Deutsche Boerse. The study projected a roughly 1 percent quarter-on-quarter increase in steel-dust throughput and expected the full-year outlook to be confirmed.

Jefferies took the more cautious view on the same date, cutting its target from EUR 45.00 to EUR 44.00 while keeping Buy, finanzen.net reported. The reason was a weaker expected third quarter and pressure on 2026 consensus estimates.

What does the latest quarter show?

Befesa generated EUR 304.28 million of revenue in the second quarter of 2026, up 3.76 percent from EUR 293.25 million a year earlier. Net income rose 13.48 percent to EUR 24.33 million from EUR 21.44 million, according to Markets Insider.

Three dated Befesa developments

On April 30, 2026, Befesa reported adjusted EBITDA of EUR 58.00 million for the first quarter and expected full-year EBITDA of EUR 250.00 million to EUR 270.00 million, as listed by finanzen.net. On September 29, 2026, S&P Global Ratings upgraded Befesa's issuer rating from BB to BB+, according to EQS News. On October 13, 2026, UBS set its EUR 50.00 target after previously citing EUR 47.00.

Which date comes next?

The next scheduled company event is the third-quarter 2026 quarterly statement and conference call on October 29, 2026, according to the financial calendar published with the company's investor materials and the EQS News event listing.

Stock price and investor context

Befesa's share price was EUR 34.33 at Lang & Schwarz on October 15, 2026, at 11:07 a.m. CEST, 0.78 percent below the EUR 34.60 Xetra close of October 14, 2026. The primary listing is on Xetra, where the stock's reported 52-week range was EUR 26.60 to EUR 38.10 as of October 15, 2026. Its market capitalization was EUR 1.4 billion on the same date.

The price is therefore below both UBS's EUR 50.00 target and Jefferies' EUR 44.00 target, while the next results will test whether the second-quarter improvement can continue into the weaker period anticipated by Jefferies. The company operates in steel-dust and aluminium salt-slags recycling, with its shares included in the SDAX.

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