SectorWire
SearchGet the daily briefing
Menu

Renta 4 cuts Cirsa recommendation to hold after Lottomatica merger rally

Deals & M&A

Renta 4 lowered its recommendation on Cirsa to ‘hold’ after the share price rose about 40% in September, according to the report. The firm set a target price of €23 per share and said Cirsa shareholders are expected to own about 32.5% of the combined group; completion is planned for the second quarter of 2027.

Investors can weigh the hold recommendation and proposed ownership share against the planned combination’s completion timeline.

End-of-day close Cirsa (CIRSA), EUR, to 6 November 2026
Story date10 August 20266 November 2026

Latest reported results

CIRSA BME: CIRSA

Quarter ended 30 September 2026

Revenue
EUR 627.6m

Connections

Request a correction

Keep reading

Deals & M&A

Cirsa shares reach intraday record as Lottomatica confirms 2026 outlook

Cirsa shares rose more than 4.5% during Wednesday’s session, reaching an intraday record and approaching €20, after Lottomatica reported quarterly results and confirmed its 2026 outlook. Lottomatica reported adjusted EBITDA of €665 million, up 8%, and expects adjusted operating profit at the upper end of its €940 million to €980 million range; the proposed merger remains subject to approvals and a Cirsa shareholder vote on 30 November.

Continue reading