URW stock: Goldman Sachs names EUR 124 target for Unibail-Rodamco-Westfield stock

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

H1 2026 recurring earnings per share fell 5.20 percent to EUR 4.84. URW stock costs EUR 87.92 on October 20, 2026, 17.56 percent below its high.

Analyst target and earnings

Goldman Sachs named a EUR 124.00 target for URW on October 15, 2026.
Adjusted recurring earnings per share fell 5.20 percent to EUR 4.84 in the first half of 2026.
URW stock costs EUR 87.92 at Lang & Schwarz on October 20, 2026 at 4:04 p.m. CEST, 17.56 percent below its 52-week high.
Loan-to-value stood at 38.80 percent as of June 30, 2026.

Euronext Börsensaal mit CAC-40-Charts und REIT-Performance auf Bildschirmen — Unibail-Rodamco-Westfield ISIN FR0013326246 Euronext Börsensaal mit CAC 40 Charts und REIT Performance Daten, Illustration mit AI erstellt.

Goldman Sachs named a EUR 124.00 price target for Unibail-Rodamco-Westfield on October 15, 2026, according to Yahoo Finance. The bank rated the stock Buy and cited the retail landlord's higher yields and lower sensitivity to interest rates. URW was trading at EUR 87.92 at Lang & Schwarz on October 20, 2026 at 4:04 p.m. CEST.

Earnings remain the key counterweight

URW's investor page lists adjusted recurring earnings per share of EUR 4.84 for the first half of 2026, down 5.20 percent from the comparable period. The same page records an EPRA net reinstatement value of EUR 146.80 per share as of June 30, 2026. These figures leave the Goldman target 41.04 percent above the Lang & Schwarz price.

Stock sits below its yearly high

The Lang & Schwarz price is EUR 18.73, or 17.56 percent, below URW's 52-week high of EUR 106.65 and EUR 1.94 above its 52-week low of EUR 85.98. URW's market capitalization stood at EUR 12.7 billion on October 20, 2026. The stock's price-to-earnings ratio was 8.15 on the same date.

Balance sheet sets the valuation debate

URW's loan-to-value ratio was 38.80 percent and its average cost of total debt was 2.30 percent as of June 30, 2026, according to URW. The company describes its 2025-28 business plan as a route toward organic growth, stronger use of the Westfield brand and capital-light opportunities. Its shares trade on Euronext Paris under ticker URW.

Retail peers provide a measured comparison

Klepierre traded at EUR 34.98 on October 20, 2026, with a price-to-earnings ratio of 7.33 and market capitalization of EUR 10.0 billion. Covivio stood at EUR 43.10, with a price-to-earnings ratio of 7.28 and market capitalization of EUR 4.8 billion. Both peers operate in European commercial real estate, making their valuation multiples a useful reference for URW's 8.15 ratio.

What the target implies for URW

The Goldman target is EUR 36.08 above the Lang & Schwarz price, while the EPRA net reinstatement value is EUR 58.88 higher. The contrast puts the balance sheet and earnings trend at the center of the valuation discussion.

URW remains below its annual peak

URW's EUR 87.92 price at Lang & Schwarz on October 20, 2026 at 4:04 p.m. CEST leaves the stock 17.56 percent below its EUR 106.65 52-week high. The 2026 first-half earnings decline and the 38.80 percent loan-to-value ratio frame the market's assessment of the retail property group.

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