UBS raises target for Elis stock from EUR 29.40 to EUR 32.00

Published on 10/20/2026 at 13:38 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elis stock costs EUR 21.80 on October 20, 2026, while H1 revenue reached EUR 2.46 billion, up 4.9 percent. Third-quarter revenue is due October 28, 2026.

Target change and operating milestones

UBS lifted its Elis target from EUR 29.40 to EUR 32.00 on October 14, 2026.
Elis reported EUR 2.46 billion in first-half 2026 revenue, up 4.9 percent year on year.
Elis stock trades at EUR 21.80 at 1:33 p.m. CEST at Lang & Schwarz on October 20, 2026.
Third-quarter revenue is scheduled for October 28, 2026.

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Elis (ISIN FR0012435121) is facing a higher analyst valuation after UBS lifted its price target from EUR 29.40 to EUR 32.00 on October 14, 2026, according to Zonebourse. UBS maintained its Buy rating, putting the new target EUR 10.20 above the Lang & Schwarz price.

UBS resets the valuation

The target revision gives investors a clear reference point ahead of Elis' third-quarter revenue update. The new EUR 32.00 target is 34.05 percent above the EUR 23.87 price implied by the target comparison used in the report, while the company continues to operate in textile rental, hygiene and workplace services.

Ideal Investor reported that Elis generated EUR 1.277 billion in second-quarter 2026 revenue, up 5.4 percent year on year. The same report said full-year organic revenue growth was expected to be slightly below the 2025 level.

Three milestones explain the setup

On July 29, 2026, Elis reported first-half 2026 revenue of EUR 2.46 billion, up 4.9 percent year on year, according to Simply Wall St. On October 7, 2026, Elis said 3,767 of 3,800 convertible bonds were presented for conversion, or 99.13 percent, producing 23,569,556 shares, according to the company's Elis release.

What dates matter next?

Elis is scheduled to publish third-quarter 2026 revenue on October 28, 2026, according to its investor-relations calendar. The company is also listed for the BNP MidCap CEO Conference on November 16, 2026. Those dates shift attention from the target revision to revenue execution and the effect of the share issuance on per-share results.

Stock price stays below the target

Elis was trading at EUR 21.80 at Lang & Schwarz on October 20, 2026 at 1:33 p.m. CEST. The current euro quote keeps the stock below UBS' EUR 32.00 target, while the October 28 revenue release is the next dated operating test.

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