Jefferies upgrades Nexans stock to Buy with EUR 158 target

Published on 10/13/2026 at 05:33 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Nexans posted EUR 3.249 billion in standard sales in H1 2026, up 5.00 percent. Jefferies gives Nexans stock a Buy rating ahead of October 22, 2026.

Key points in brief

Jefferies upgraded Nexans from Hold to Buy and set a EUR 158.00 price target on October 12, 2026.
Nexans reported EUR 3.249 billion in standard sales and EUR 388.0 million in adjusted EBITDA for H1 2026.
The last Lang & Schwarz quote was EUR 131.60 on October 12, 2026, while market capitalization stood at EUR 5.8 billion.
Nexans is scheduled to report third-quarter 2026 results on October 22, 2026.

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Jefferies upgraded Nexans stock from Hold to Buy and set a EUR 158.00 price target on October 12, 2026, according to Investing.com. The call puts the cable maker's upcoming third-quarter report on October 22, 2026 at the center of the near-term debate.

Three recent figures shape the story

On July 29, 2026, Nexans reported EUR 3.249 billion in standard sales for the first half of 2026, an increase of 5.00 percent from EUR 3.093 billion in the first half of 2025, according to the Yahoo Finance transcript. Adjusted EBITDA reached EUR 388.0 million, up 4.30 percent from EUR 372.0 million in the first half of 2025.

The same H1 2026 call set full-year adjusted EBITDA guidance at EUR 770 million to EUR 840 million and free cash flow guidance at EUR 235 million to EUR 325 million. That range gives the Jefferies upgrade a measurable operating backdrop rather than relying only on a valuation argument.

What does the upgrade change?

Jefferies linked its Buy recommendation to expected improvement in third-quarter growth, especially in the Transmission segment, and to stronger visibility into Nexans' project pipeline, Investing.com reported on October 12, 2026. The key counterweight is execution: the H1 call showed adjusted EBITDA margin at 11.90 percent of standard sales, while the company continues to invest in capacity and acquisitions.

Buyback adds a second dated signal

Nexans disclosed purchases of 24,000 shares between October 5 and October 9, 2026, including 6,000 shares on October 9 at a weighted average price of EUR 128.41, according to Nexans on October 12, 2026. The filing supplies a concrete capital-allocation data point alongside the analyst action.

Results date sets the next test

Nexans is scheduled to report third-quarter 2026 results on October 22, 2026. The figures investors will compare with the H1 baseline are standard sales of EUR 3.249 billion, adjusted EBITDA of EUR 388.0 million and the 11.90 percent adjusted EBITDA margin.

Last quote stays below yearly high

Nexans was last at EUR 131.60 at Lang & Schwarz on October 12, 2026 at 10:58 p.m. CEST. The 52-week range was EUR 109.70 to EUR 169.00 on October 12, 2026, while market capitalization stood at EUR 5.8 billion.

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