Nexans appointed Artaud as COO: Barclays set EUR 181.00 target for Nexans stock

Published on 10/18/2026 at 12:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays set an EUR 181.00 target on October 13, 2026. Nexans stock last closed at EUR 126.70 on October 16, 2026.

Operational change and reporting date

Stéphane Artaud joins Nexans' Executive Committee on November 1, 2026.
First-half 2026 revenue reached EUR 4.74 billion and net income EUR 103.00 million.
Nexans stock last closed at EUR 126.70 on October 16, 2026.

Aquarellillustration der Pariser Skyline mit modernen Bürotürmen an der Seine — Aquarellmalerei der Pariser Skyline symbolisiert den Hauptsitz von Nexans S.A. FR0000044448 in Frankreich, Illustration mit AI erstellt.

Nexans (ISIN FR0000044448) announced on October 14, 2026 that Stéphane Artaud will become chief operating officer on November 1, 2026, according to Nexans. On October 13, 2026, Barclays set an EUR 181.00 target for Nexans stock, according to Markets Insider.

Industrial operations get a new leader

Artaud will join the Executive Committee and succeed Vijay Mahadevan, who will focus on Nexans' Grid and Connect Europe activities. The company said Artaud brings 30 years of international experience at Saint-Gobain, including work on industrial operations, production capacity and profitability.

Three dated signals for investors

On October 12, 2026, Jefferies upgraded Nexans from Hold to Buy and kept its EUR 158.00 target, according to Boursorama. On October 13, 2026, Barclays set EUR 181.00, while on October 14, 2026, Nexans announced Artaud's appointment effective November 1, 2026.

What does October 22 add?

Nexans is scheduled to publish third-quarter results on October 22, 2026, according to Ideal Investisseur. The date follows first-half 2026 revenue of EUR 4.74 billion and net income of EUR 103.00 million, figures reported by Markets Insider for the quarter ending June 30, 2026. The same report said first-half adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, was EUR 379.00 million, with an 11.90 percent margin.

Last Xetra close sets the reference

The last Xetra close was EUR 126.70 on October 16, 2026. Nexans is listed on Euronext Paris under ticker NEX and belongs to the SBF 120; its market capitalization was EUR 5.5 billion as of October 16, 2026, with a 52-week range of EUR 109.70 to EUR 169.00.