Business · Markets · 2 hrs ago
Analysts see further gains for ACS after a sharp pullback
ACS is a Spanish construction and engineering group listed on the Ibex, Spain’s main stock index.
Its shares have gained more than 420% since the start of 2022, but fell from a peak of €138.35 on May 6 to €90.85 at the time of the report.
Analysts said the shares may be undervalued and could rise by more than 35% over the medium term.
Of 20 firms covering the stock, 12 recommended buying it and six recommended holding it.
ACS reported first-half net profit of €510 million, up 13.3% from a year earlier, and raised its full-year profit growth target to 30%–35%.
Its project backlog reached €105.9 billion, with 58% of the projects in the United States and Canada.
The company also announced an annual dividend of €2.40 per share, up 20%, and its German subsidiary won a contract worth about €1.75 billion to operate, maintain and develop the Sellafield nuclear site in the United Kingdom.
Analysts see room for ACS shares to rise more than 35% over the medium term after a sharp pullback from their May peak.
ACS shares were at 90.85 euros, down from a high of 138.35 euros reached on May 6.
The company’s shares have gained 6% this year and more than 420% since the start of 2022.
Analysts cited business growth, profitability and a dividend yield above 3% as reasons for optimism.
ACS reported first-half attributable net profit of 510 million euros, up 13.3% year on year.
- Who
- ACS and analysts covering its shares.
- What
- Analysts see potential for the shares to rise more than 35% over the medium term.
- When
- The article was published on October 11, 2026.
- Where
- ACS is listed on Spain’s Ibex index. Its shares were quoted at 90.85 euros.
- Why
- Analysts consider the shares undervalued and point to the company’s business growth and dividend yield.
This story does not have two clearly opposing sides.
No direct quotes in the coverage so far.
ACS shares began a rise that has since exceeded 420%.
ACS shares reached a high of 138.35 euros.
ACS announced an annual dividend of 2.4 euros per share, a 20% increase on the previous year.
ACS reported attributable net profit of 510 million euros, up 13.3% year on year.
ACS shares stood at 90.85 euros as analysts forecast further medium-term gains.
- Share price
- 90.85 euros
- Peak share price
- 138.35 euros on May 6
- Analyst view
- More than 35% potential medium-term gain
- First-half attributable net profit
- 510 million euros, up 13.3% year on year
- Project portfolio
- 105.856 billion euros, up 18.5% year on year
- Annual dividend
- 2.4 euros per share, up 20%
Sources
Related news
Sabadell shareholders rejected BBVA’s takeover bid after an 18-month battle
Moeve develops lower-carbon chemicals for everyday products
Aciturri Aeroengines’ revenue rises as losses widen to nearly €3 million
Interest in sustainable investing rises as concerns about greenwashing grow
Stellum seeks up to €460 million for three new investment funds
Frux closes €350 million fund and plans €200 million data center vehicle
Iberia seeks passport staff for new Madrid airport control area
Alantra gives six Equities executives shares worth €4.2 million
IESE ranks third, ESCP fifth and IE 13th in global executive MBA list
Spain’s new investment account may qualify fewer than 10% of domestic funds
Spain’s term deposits rise 10.5% in a year as higher rates attract savers
