Bestinver raises target for Puig stock to EUR 20

Jefferies kept its target at EUR 21.00 on October 5, 2026. Puig stock costs EUR 18.13 on October 7, 2026 after EUR 18.20, minus 0.38 percent.

Puig (ISIN ES0105777017) was trading at EUR 18.13 at Lang & Schwarz on October 7, 2026 at 9:09 a.m. CEST, down 0.38 percent versus the prior close of EUR 18.20. The latest analyst move came from Bestinver Securities, which raised its target from EUR 18.50 to EUR 20.00 on October 6, 2026, according to Estrategias de Inversion.

Targets move above the market

Bestinver kept its buy recommendation while lifting the valuation to EUR 20.00. That target is EUR 1.87 above the Lang & Schwarz price, equivalent to 10.32 percent upside based on the October 7, 2026 quote.

Jefferies also maintained a EUR 21.00 target and its buy recommendation in a document dated October 5, 2026, as Democrata reported. The same report identified skincare weakness as a counter-factor, while makeup was described as offsetting a more moderate contribution from fragrance launches.

Isdin adds scale and funding risk

Puig announced the purchase of the remaining 50 percent of Isdin for EUR 1.20 billion on September 14, 2026. The transaction gives Puig full ownership of the dermo-cosmetics business, but the funding mix includes existing cash and additional debt, according to Marketscreener.

The cited transaction framework limits adjusted net debt to adjusted earnings before interest, taxes, depreciation and amortization at 2.00 times. That makes execution and balance-sheet discipline important as Puig integrates the asset and prepares its next operating update.

Stock remains below its yearly high

Puig's market capitalization was EUR 10.3 billion on October 6, 2026, with 23,072 shares reported in volume. The primary BME listing traded within a 52-week range of EUR 13.11 to EUR 18.89, placing the Lang & Schwarz price 4.02 percent below the high.

The company is scheduled to publish its third-quarter sales update on October 21, 2026, followed by a Capital Markets Day on October 28, 2026, according to Estrategias de Inversion. Those dates give investors two defined checkpoints for judging sales momentum, the Isdin integration and the assumptions behind the analyst targets.

Price holds near the annual high

Puig was trading at EUR 18.13 at Lang & Schwarz on October 7, 2026 at 9:09 a.m. CEST, minus 0.38 percent versus the Lang & Schwarz prior close of EUR 18.20. The primary exchange is BME, where the quoted currency is EUR.

The further course of trading is shown by the continuously updated real-time quote of Puig stock.