Repsol stock gets a higher Barclays price target

Published on 10/07/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays lifted its Repsol target from EUR 32 to EUR 38 on October 5, 2026, with 27 firms covering the company. Q2 revenue reached EUR 18.3 billion and net income rose 466 percent year over year.

Editorial-Foto vom Börsenparkett mit Händlern und Kurscharts unter dem Kürzel IBEX 35 — Repsol S.A. (ISIN ES0173516115) notiert im IBEX 35, gezeigt als Editorial vom Madrider Börsenparkett, Illustration mit AI erstellt.

Repsol stock (ISIN ES0173516115) was trading at EUR 28.71 on BME on October 7, 2026 at 12:46 p.m. CEST, down 0.17 percent from the previous close. The immediate catalyst is Barclays' latest valuation increase, which places the Spanish energy company near the top end of analyst expectations.

Barclays raises its target

According to Expansion on October 5, 2026, Barclays lifted its Repsol price target from EUR 32 to EUR 38 per share. The new target was cited alongside a consensus sample of 27 covering firms, with Day by Day's EUR 38.20 target forming the highest level reported in that comparison.

From the October 7 market price, Barclays' EUR 38 target stands 32.36 percent above EUR 28.71. That gap is the article's central valuation signal, but it is an analyst scenario rather than a guaranteed trading level.

Quarterly earnings add support

Repsol's second-quarter 2026 revenue reached EUR 18.3 billion, up 36 percent from the same quarter of 2025, while net income rose 466 percent to EUR 1.23 billion, according to Simply Wall St. The same Q2 update put earnings per share at EUR 1.15, compared with EUR 0.19 a year earlier, while revenue came in below analyst estimates.

The operating picture is therefore mixed in a precise way: profit momentum was strong in Q2/2026, but the revenue comparison with estimates was weaker. Simply Wall St's October 6, 2026 update also projects earnings to decline 5.8 percent annually over the next three years, making execution and capital returns important counterweights to the bullish target revisions.

Consensus remains above the price

According to Marketscreener on September 10, 2026, the consensus rating was Outperform from 23 analysts. The average target was EUR 27.60, with a high of EUR 38.00 and a low of EUR 19.50; the October 7 price of EUR 28.71 was 3.87 percent above the average target.

Stock stays below yearly high

Repsol's EUR 28.71 price on BME was 9.26 percent below the 52-week high of EUR 31.64 and above the 52-week low of EUR 13.96 on October 7, 2026. Market capitalization stood at EUR 31.3 billion, while volume reached 931,082 shares at the quoted intraday timestamp.