ENGIE stock: Goldman raises target as nuclear talks drag on
Published on 11/14/2026 at 11:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and nuclear talks
- Goldman Sachs lifted its ENGIE target to 31.80 euros on November 9 while retaining a Buy rating.
- Belgium and ENGIE extended discussions over a potential nuclear takeover, with December 12 as the next deadline.
- ENGIE's nine-month update kept 2026 recurring net income guidance at the upper end of 4.9 billion to 5.5 billion euros.
Goldman Sachs raised its target for ENGIE on Monday, November 9, while Belgium's negotiations over the utility's nuclear assets remained unresolved later in the week. The developments give investors two competing reference points: stronger operating execution and continued strategic uncertainty.
According to Ideal Investisseur, Goldman Sachs lifted its target from 30.40 euros to 31.80 euros on November 9 and kept a Buy rating. The report also said the shares had moved above a 24.20-euro technical level during that session.
Nuclear negotiations remain unresolved
On Thursday, November 12, Belgium and ENGIE were still unable to agree on the potential takeover of seven nuclear reactors, The Brussels Times reported. The discussions now have December 12 as a further target date, while valuation and the longer-term costs of waste management and decommissioning remain central issues.
ENGIE's November 5 nine-month release said recurring net income for 2026 was expected at the upper end of the 4.9 billion to 5.5 billion euro range. EBIT excluding Nuclear reached 7.0 billion euros in the first nine months, supported by renewables, storage and the contribution from UK Power Networks.
ENGIE stock traded at 25.32 euros on Lang & Schwarz at 11:48:47 CET on Saturday, November 14.
ENGIE stock at a glance
- Company: ENGIE S.A.
- ISIN: FR0010208488
- Quote: 25.32 euros on Lang & Schwarz, November 14, 2026, 11:48:47 CET
- Home market: France
France's CAC 40 remains the relevant market backdrop for ENGIE investors as the group balances network growth, renewables execution and the Belgian nuclear file.
