Italgas stock gains 1.33 percent as UBS cuts its target

Published on 09/29/2026 at 14:36 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

UBS cut its Italgas target to EUR 10.60 from EUR 11.00 on September 15, 2026. Italgas stock has third-quarter results scheduled for October 29, 2026.

Techniker an gelber Gasdruckregelstation, Fotorealismus zu Italgas S.p.A — Italgas S.p.A. (IT0005211237) betreibt Gasnetze; Techniker prüft realistisch dargestellte Druckregelstation mit gelben Rohrleitungen, Illustration mit AI erstellt.

Italgas S.p.A. (ISIN IT0005211237) was trading at EUR 8.40 at Lang & Schwarz on September 29, 2026 at 2:32 p.m. CEST, up 1.33 percent versus the Borsa Italiana close of EUR 8.29 on September 28, 2026. The immediate market reference is the gap between the stock and a lower regulatory-adjusted valuation outlook from UBS.

UBS trims its price target

According to MarketScreener on September 15, 2026, UBS kept its buy rating but reduced its Italgas price target to EUR 10.60 from EUR 11.00. The change reflected UBS estimates for a proposed ARERA regulatory framework covering gas distribution from 2028.

The revised target lies 26.19 percent above the Lang & Schwarz price of EUR 8.40. UBS also lowered its 2028 EBITDA estimate to EUR 2.39 billion from EUR 2.44 billion and its 2028 EPS estimate to EUR 0.85 from EUR 0.88, making regulation the central valuation variable.

2025 figures set a high base

Italgas reports on its investor page that adjusted EBITDA rose 39.4 percent in fiscal year 2025, while adjusted net profit increased 33.1 percent. Operating cash flow reached EUR 1.63 billion in the same fiscal year, giving investors a concrete measure of the cash generation supporting the network business.

The company specializes in natural gas distribution, while its strategic agenda also includes renewable gases, network modernization and digital transformation. On September 11, 2026, MarketScreener reported that Italgas, Cadent and GRDF launched an alliance focused on renewable gases and network innovation.

Third quarter results due October 29

Italgas lists October 29, 2026 as the date for its third-quarter 2026 results on the investor page. That release will test whether the operating gains reported for fiscal year 2025 are continuing while the market weighs the proposed post-2028 regulatory framework.

Italgas stock gains 1.33 percent

At Lang & Schwarz, Italgas stock was trading at EUR 8.40 on September 29, 2026 at 2:32 p.m. CEST, up 1.33 percent versus the Borsa Italiana close of EUR 8.29 on September 28, 2026. Its 52-week range was EUR 7.63 to EUR 11.30 as of September 29, 2026.