Befesa stock slips as Jefferies lifts its target to 45 euros
Published on 08/19/2026 at 13:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Befesa S.A. (LU1704650164) stock eased to 35.20 euros after the close on August 18, 2026, while Jefferies lifted its target to 45 euros and kept a Buy rating, according to a market-news roundup that cited analyst Fabian Piasta.
The move leaves the shares at a 27.8 percent discount to the target, a concrete gap that gives traders a simple benchmark as the name stays tied to its latest earnings cycle.
Target gap stays wide
The same roundup said Jefferies had previously had a 43-euro target on Befesa and moved it to 45 euros. That is a 2-euro increase, or 4.7 percent, and it matters because the stock still closed 9.80 euros below the new target.
On the market side, MarketScreener showed the shares at 35.20 euros and down 2.22 percent at the CBOE close of August 18, 2026. That combination of a lower close and a fresh target revision puts the gap back in view for investors tracking valuation against broker expectations.
H1 2026 remains the frame
MarketScreener also listed Befesa's H1 2026 earnings call on July 29, 2026, which keeps the latest reported period firmly on the first half of 2026. The company has not only a price move in play, but also a recent reporting anchor that traders can line up against the new target.
For the current operating picture, the key point is that H1 2026 is the newest reported period visible in the search set, and it is the reference frame behind the latest analyst update.
Steel dust recycling
Befesa's core business is steel dust recycling, where the company processes hazardous residues from steel mills and recovers zinc and other metals. That model links earnings to industrial output, residue volumes, and metal prices more directly than a typical pure-service business.
Shares and valuation
As of August 18, 2026, the shares were 35.20 euros on MarketScreener's CBOE quote snapshot, with the 45-euro target leaving room of 9.80 euros to that level.
Fact box
Company: Befesa S.A.
ISIN: LU1704650164
Ticker: BFSA
Exchange: CBOE
Price (as of August 18, 2026, 11:30 a.m. ET): EUR 35.20
Market cap: $1.4 billion
Sector / Industry: Industrials / Waste Management
Index membership: SDAX
More on Befesa stock
Investor Relations
