JP Morgan raises target for Naturgy stock to EUR 32.00

Published on 10/13/2026 at 09:34 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half net income rose 5.90 percent to EUR 1.215 billion in 2026. Naturgy stock costs EUR 30.67 on October 13, 2026 versus the EUR 32.00 target.

Key points in brief

JP Morgan raised its Naturgy price target from EUR 30.50 to EUR 32.00 on October 12, 2026.
First-half 2026 net income reached EUR 1.215 billion, up 5.90 percent year over year.
Naturgy traded at EUR 30.67 at Lang & Schwarz on October 13, 2026 at 9:30 a.m. CEST.
The company raised 2026 guidance to more than EUR 5.5 billion of EBITDA and EUR 2.1 billion of net income.

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Naturgy (ISIN ES0116870314) traded at EUR 30.67 at Lang & Schwarz on October 13, 2026 at 9:30 a.m. CEST. JP Morgan raised its price target from EUR 30.50 to EUR 32.00 on October 12, 2026, according to Bolsamania. The new target is EUR 1.33 above the Lang & Schwarz price.

Three milestones since 2025

Naturgy reported EUR 2.023 billion of net income for fiscal year 2025, up 6.40 percent from EUR 1.901 billion in fiscal year 2024, according to Bolsamania. On July 22, 2026, Naturgy reported first-half net income of EUR 1.2 billion, compared with EUR 1.1 billion a year earlier, in its results call published by Yahoo Finance. On October 12, 2026, JP Morgan lifted its target to EUR 32.00 from EUR 30.50, according to Bolsamania.

What supports the higher outlook?

The first-half 2026 results call put EBITDA at EUR 3.0 billion, up from EUR 2.8 billion a year earlier, while net income reached EUR 1.2 billion versus EUR 1.1 billion. Naturgy consequently lifted its 2026 guidance to EBITDA above EUR 5.5 billion and net income above EUR 2.1 billion, both ahead of consensus, according to Yahoo Finance. Net debt stood at EUR 11.7 billion at the end of June 2026, down from EUR 12.3 billion a year earlier. The comparison matters because the upgraded earnings outlook arrived alongside lower leverage.

Naturgy stock stays near its yearly high

The Lang & Schwarz price of EUR 30.67 was close to the finance quote's EUR 30.70 52-week high and above its EUR 24.30 low, both dated October 13, 2026. The company had a market capitalization of EUR 28.4 billion at the same market-data timestamp. Naturgy's exposure to regulated gas networks, electricity generation and renewables leaves earnings tied to regulation, energy prices and operating margins.

Naturgy was trading at EUR 30.67 at Lang & Schwarz on October 13, 2026 at 9:30 a.m. CEST, with the Xetra reference base unavailable for a dated comparison. The further course of trading is shown by the continuously updated real-time quote of Naturgy stock.