Unicaja Banco stock: Jefferies lifts target from EUR 2.90 to EUR 3.30

Published on 10/20/2026 at 16:08 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 net income hit EUR 193.65 million as margin rose to 34.90 percent. Unicaja Banco stock costs EUR 3.21 on October 20, 2026, below its EUR 3.69 high.

Analyst target and results

Jefferies raised its Unicaja Banco target from EUR 2.90 to EUR 3.30 on October 20, 2026.
Second-quarter net income reached EUR 193.65 million, while net margin rose to 34.90 percent.
Unicaja Banco stock costs EUR 3.21 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST.
Third-quarter results are scheduled for October 30, 2026.

Unicaja Banco, ES0180907000, Illustration mit AI erstellt.

Unicaja Banco (ISIN ES0180907000) is the subject of a higher Jefferies target, which rose from EUR 2.90 to EUR 3.30 on October 20, 2026, while the firm kept its Hold recommendation, according to Democrata. The new target is 2.80 percent above the EUR 3.21 price. At Lang & Schwarz, the stock was trading at EUR 3.21 on October 20, 2026 at 4:02 p.m. CEST.

Target leaves limited upside

Jefferies based its revision on more favorable revenue forecasts for the next three years. The target is EUR 0.09 above the current euro quote, a relatively narrow gap that makes the bank's unchanged Hold stance relevant for investors assessing valuation.

The target adjustment is separate from the company's scheduled reporting calendar. Unicaja Banco's investor page lists the presentation of third-quarter 2026 results for October 30, 2026, according to Unicaja Banco.

What did the second quarter deliver?

The latest period provides the operating counterweight to the valuation debate. Simply Wall St reported that second-quarter 2026 revenue reached EUR 555.26 million and net income was EUR 193.65 million. Net margin rose from 33.70 percent in the second quarter of 2025 to 34.90 percent in the second quarter of 2026.

The margin comparison matters because it tests whether stronger earnings came with broader profitability. The reported figures provide a concrete benchmark before the October 30 results presentation, while the Jefferies target places a market value on the forecasts for the following three years.

Valuation and trading position

Unicaja Banco has a market capitalization of EUR 8.2 billion and a price-to-earnings ratio of 12.55. Its 52-week range is EUR 2.27 to EUR 3.69, putting the current EUR 3.21 quote below the yearly high and above the yearly low. The trailing dividend yield is 0.06 percent.

The bank is listed on BME under the ticker UNI and operates as a regional banking group in Spain. Its business covers retail and corporate banking, lending, savings, investments and insurance, with Málaga as its headquarters.

Stock position and next date

The current price sits EUR 0.48 below the 52-week high and EUR 0.94 above the low. The next dated company event is the third-quarter results presentation on October 30, 2026, which will provide the next reported period for testing the margin trend.

Unicaja Banco was trading at EUR 3.21 at Lang & Schwarz on October 20, 2026 at 4:02 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Unicaja Banco stock.