Ferrovial NV

FER: XMAD (ESP)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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Ferrovial: Initiate Coverage With EUR 57 Fair Value Estimate and Wide Moat; Shares Fairly Valued

Jack Fletcher-Price

Nov 28, 2025

We’re initiating coverage of Ferrovial, the global transport infrastructure investor, developer, and operator.

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Ferrovial NV

Ferrovial: Initiate Coverage With EUR 57 Fair Value Estimate and Wide Moat; Shares Fairly Valued

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