Aperam Shares Climb 2.3%: Citi Raises Target to €50
Luxembourg-based steelmaker Aperam has risen 2.25% to €48.22 by midday this Wednesday, May 20. The stock is nearing its resistance level of €49.42, in a SBF 120 that is up by 0.60%. Two analyst houses released their opinions this morning, including Citi which has raised its price target.
Citi Raises Target to €50 and Alphavalue Sets at €48.80
This Wednesday, Aperam benefits from two analyst opinions published in the morning. Citi has raised its price target from €42 to €50 while maintaining a neutral rating. The target offers a limited upside potential, around 3.7% compared to the current price. Alphavalue, on the other hand, initiates or adjusts a target to €48.80 with a 'reduce' recommendation, indicating almost no potential from today's price. The stock has now accumulated an 80.73% rise over the year.
Stock Approaches Resistance of €49.42 After Post-Earnings Rebound
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The stock continues the momentum started at the end of April after the publication of the first quarter accounts (adjusted EBITDA improved, net result declined to 3 million euros). Aperam then marked a four-year high, before extending its progress with the acquisition of Magnetec announced at the beginning of May. At €48.22, the price is 6.14% above its 20-day moving average (€45.43) and nearly 40% above its 200-day MA (€34.47), a gap that reflects the strength of the underlying trend. The RSI at 59 remains in neutral territory, with no overbought warning. The stock is approaching the resistance identified at €49.42, which will be the main level to break through. Next appointment on the financial calendar: the publication of the second quarter 2026 results on July 30.
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SectorMétaux et mines›Acier / sidérurgie
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Context
Period
Period: S1 2026
Key reported figures
Revenue: 3 264 millions d'euros
Quarterly revenue: 3 264 millions d'euros
EBITDA: 249 millions d'euros
EBITDA margin: 7,6 %
Net income: 119 millions d'euros
Free cash flow: 73 millions d'euros
993 millions d'euros
Guidance from the release
Q3 2026 adjusted EBITDA is expected to be lower compared to Q2 2026 due to seasonal pattern
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