Aperam's stock closed the session on Monday, December 29, 2025, at 34.76 euros, up by 1.46% compared to the previous day. This increase is part of a broader favorable trend, with the stainless steel producer showing a performance of 2.29% over seven days and 23.04% over three months. Over a year, the gain reaches 38.9%, a remarkable trajectory despite ongoing tensions in the European steel market. However, traded volumes remain limited, with only 0.09% of the capital traded on Monday. The upgrade in recommendation from Morgan Stanley on December 16, which raised the price target from 31.50 to 40 euros and upgraded the stock from market weight to overweight, continues to support investor appetite. The American bank praised the group's diversified business model and its exposure to a potential recovery in Europe, with an expected cash conversion rate of 11% in 2026.
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The day's price is approaching the resistance threshold of 35.16 euros, a key level to watch in the upcoming sessions to confirm the continuation of the upward movement. The RSI is at 69, close to the overbought zone at 70, indicating strong momentum but could justify a technical pause in the short term. The stock is significantly above its key moving averages, with 34.92 euros against an MM50 of 32.31 euros and an MM200 of 28.58 euros, confirming the positive underlying trend. JP Morgan had already raised its target from 30.80 to 35 euros at the beginning of December, while maintaining a neutral recommendation. These successive revisions of price targets reflect a renewed interest from analysts in the stainless steel sector, in a context where the European Commission proposed new protective measures against global overcapacities in November.
Je suis heureux d'annoncer que nous avons généré un flux de trésorerie disponible solide de 138 millions d'euros, ce qui nous a permis de réduire considérablement notre dette nette à 1 045 millions d'euros.
Ralentissement saisonnier et pression sur les prix en Europe entraînant une baisse des volumes et de l'EBITDA; génération de trésorerie solide et réduction de la dette nette; progrès sur les initiatives Leadership Journey®.
Risks mentioned
Pression continue sur les prix des métaux et des produits
Ralentissement saisonnier affectant les volumes
Surcapacité mondiale du secteur de l'acier
Dépendance à l'évolution des prix des métaux (perspectives conditionnelles)
Opportunities identified
Initiative Leadership Journey® Phase 5 visant 200 millions d'euros de gains (29 millions d'euros réalisés au T3, cumul 165 millions d'euros)
Réduction prévue de la dette financière nette de plus de 200 millions d'euros d'ici fin 2025
Proposition de la Commission européenne visant à atténuer les effets négatifs de la surcapacité mondiale pour le secteur de l'acier en Europe
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
