UBS raises Befesa stock target to EUR 50.00 while Jefferies cuts to EUR 44.00

Published on 10/16/2026 at 09:44 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Second-quarter revenue rose to EUR 304.28 million from EUR 293.25 million. Befesa stock costs EUR 34.30 on October 16, 2026, above EUR 34.00.

Analyst views and operating results

UBS lifted its target to EUR 50.00 while Jefferies cut its target to EUR 44.00 on October 13, 2026.
Second-quarter revenue reached EUR 304.28 million versus EUR 293.25 million a year earlier.
Befesa stock trades at EUR 34.30 at 9:35 a.m. CEST at Lang & Schwarz on October 16, 2026, 0.88 percent above the Xetra close of October 15, 2026.

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Befesa stock (ISIN LU1704650164) was trading at EUR 34.30 at Lang & Schwarz on October 16, 2026 at 9:35 a.m. CEST, up 0.88 percent versus the Xetra close of October 15, 2026 at EUR 34.00. The latest catalyst is a split analyst view before the company reports its third quarter.

Targets diverge before results

According to finanzen.net on October 13, 2026, UBS raised its target for Befesa from EUR 47.00 to EUR 50.00 and kept a Buy rating. Jefferies moved in the opposite direction, cutting its target from EUR 45.00 to EUR 44.00 while also retaining Buy. The difference puts the two targets EUR 6.00 apart.

Three dated signals since July

The chronology points to a company with improving operating figures but a more cautious near-term debate. On July 29, 2026, Befesa reported adjusted EBITDA of EUR 66.00 million for the second quarter, up 17.00 percent year over year, according to finanzen.net. On September 29, 2026, S&P Global Ratings upgraded Befesa from BB to BB+, while the company disclosed a EUR 650.00 million term loan and a EUR 100.00 million revolving credit facility in the linked EQS Group release. On October 13, 2026, UBS and Jefferies published the opposing target changes.

What does the second quarter mean?

The second-quarter figures provide a stronger base for the bullish case. Markets Insider reported revenue of EUR 304.28 million and net profit of EUR 24.33 million for the quarter ended June 30, 2026, compared with EUR 293.25 million and EUR 21.44 million a year earlier. Revenue therefore increased EUR 11.03 million, while net profit rose EUR 2.89 million. The counter-factor is the near-term expectation of a weaker third quarter cited in the analyst reports.

Stock holds above its close

The intraday quote leaves Befesa EUR 0.30 above the October 15 Xetra close. Its 52-week range is EUR 26.60 to EUR 38.10, placing the current quote inside the recent trading band and EUR 3.80 below the high.

Befesa was trading at EUR 34.30 at Lang & Schwarz on October 16, 2026 at 9:35 a.m. CEST, 0.88 percent above the Xetra close of October 15, 2026 at EUR 34.00. The further course of trading is shown by the continuously updated real-time quote of Befesa stock.