PZU stock: JPMorgan lifts PZU stock target to PLN 84.00
Published on 10/19/2026 at 17:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWSAnalyst target and reporting date
- JPMorgan set a PLN 84.00 target for PZU on October 5, 2026.
- PZU has scheduled its third-quarter report for November 19, 2026.
- PZU stock costs EUR 16.82 at Lang & Schwarz on October 19, 2026 at 5:03 p.m. CEST, down 1.16 percent on the Warsaw Stock Exchange.
- PZU traded at a price-to-earnings ratio of 9.77 on October 19, 2026.
PZU stock has a PLN 84.00 price target from JPMorgan after the bank raised its target from PLN 79.00 on October 5, 2026, while the target stood 14.54 percent above the Warsaw price of PLN 73.34. According to Markets Insider, JPMorgan kept a Neutral rating with the new target.
November 19 brings results
PZU has scheduled publication of its third-quarter financial report for November 19, 2026. The date is listed on PZU investor relations pages and gives the market its next defined reporting date.
First-half profit fell 6.80 percent
The latest reported period was the first half of 2026. Insurance revenue rose 2.80 percent to PLN 15.652 billion, while net profit attributable to shareholders fell 6.80 percent to PLN 3.009 billion from PLN 3.230 billion, according to Moat Explorer, which cites PZU's interim statements dated August 20, 2026.
The composition of earnings was mixed. Insurance service result increased to PLN 2.290 billion from PLN 2.155 billion in the first half, while the non-life combined ratio was 87.90 percent. In the second quarter, profit attributable to insurance and other activities rose 29.30 percent to PLN 1.221 billion.
Price position and valuation
At Lang & Schwarz, PZU stood at EUR 16.82 on October 19, 2026 at 5:03 p.m. CEST. On the Warsaw Stock Exchange, the stock was down 1.16 percent on October 19, 2026 at PLN 73.34. Its 52-week range was PLN 54.64 to PLN 77.20, placing the market price 5.00 percent below the high. Market capitalization was PLN 63.3 billion and the price-to-earnings ratio was 9.77 on October 19, 2026.
Comparison with peers
PZU (Warsaw Stock Exchange, PLN): minus 1.16 percent, price-to-earnings ratio 9.77, market capitalization PLN 63.3 billion.
Allianz (Xetra, EUR): minus 2.24 percent, price-to-earnings ratio 13.97, market capitalization EUR 161.3 billion.
Vienna Insurance Group (Vienna Stock Exchange, EUR): minus 0.89 percent, price-to-earnings ratio 9.40, market capitalization EUR 8.6 billion.
What the next report will test
The November report will test whether PZU can convert stronger insurance profitability into group earnings after the first-half decline. The contrast between a 2.80 percent revenue increase and a 6.80 percent fall in attributable profit leaves the next result as the clearest valuation checkpoint.
PZU stock was trading at EUR 16.82 at Lang & Schwarz on October 19, 2026 at 5:03 p.m. CEST, while the Warsaw Stock Exchange quote stood at PLN 73.34, down 1.16 percent on the day.
The further course of trading is shown by the continuously updated real-time quote of PZU stock.
PZU stock key figures
- Company: Powszechny Zaklad Ubezpieczen S.A.
- ISIN: PLPZU0000011
- Ticker: PZU.WA
- Price Lang & Schwarz: EUR 16.82 (October 19, 2026, 5:03 p.m. CEST)
- Daily change on Warsaw Stock Exchange: minus 1.16 percent (October 19, 2026)
- Market capitalization: PLN 63.3 billion (October 19, 2026)
- 52-week range: PLN 54.64-77.20 (October 19, 2026)
- Sector / Industry: Financial Services / Property and Casualty Insurance
Market context: Market report WIG 20.
