Ferrulli sells 24,520 shares. Italgas stock sits 21.86 percent below EUR 11.30 high

Published on 10/21/2026 at 11:31 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBITDA reached EUR 1.07 billion in the first half of 2026. Italgas stock costs EUR 8.83 on October 21, 2026, above its EUR 8.05 low.

Analyst view and operating scale

Nunziangelo Ferrulli sold 24,520 ordinary Italgas shares on October 16, 2026.
Adjusted EBITDA rose 25.00 percent in the first half of 2026.
Italgas stock trades at EUR 8.83 at 11:23 a.m. CEST at Lang & Schwarz on October 21, 2026.

Flatlay mit Aktienzertifikat, ISIN-Karte, Gasrohrfitting und Werkzeug — Flatlay mit Aktienzertifikat, ISIN-Karte und Gasrohrarmatur symbolisiert Investment in Italgas S.p.A. (IT0005211237) an der Börse, Illustration mit AI erstellt.

Italgas (ISIN IT0005211237) manager Nunziangelo Ferrulli sold 24,520 ordinary shares on October 16, 2026, according to MarketScreener. Italgas stock was trading at EUR 8.83 at Lang & Schwarz on October 21, 2026, 21.86 percent below its EUR 11.30 52-week high.

What does the target cut mean?

Equita lowered its Italgas price target from EUR 10.80 to EUR 10.00 on October 7, 2026, while keeping a Hold recommendation, Teleborsa reported. The target is 13.25 percent above the Lang & Schwarz price, using EUR 8.83 as the reference price.

Equita cited higher interest rates and regulatory uncertainty around the 2028 review. Its scenario included a possible 3.00 to 4.00 percent net reduction in 2027 earnings per share for regulated utilities, partly offset by stronger inflation-linked regulated-asset-base growth, according to Teleborsa.

Three events shaped the stock

On October 2, 2026, Italgas signed a binding agreement to acquire a 22.50 percent stake in Portuguese gas distributor Floene for EUR 120.00 million, according to Italgas. On October 6, 2026, its Turin 5 distribution concession came with planned investments of more than EUR 87.00 million across 76 municipalities, also listed by Italgas.

On October 16, 2026, Ferrulli's sale added an insider-activity signal to that sequence. The reported average sale price was EUR 8.3023 per share, with total proceeds of EUR 203,572.40, according to MarketScreener.

What dates matter next?

Italgas is scheduled to present its third-quarter 2026 results on October 29, 2026, according to the company investor calendar.

Operating results set the counterweight

Adjusted EBITDA rose 25.00 percent to EUR 1.07 billion in the first half of 2026, while adjusted net profit increased 27.30 percent to EUR 398.60 million, according to Investing.com. Operating cash flow reached EUR 930.00 million in the same period, giving the upcoming results release a direct test of earnings quality and cash conversion.

Stock position before results

Italgas stock was trading at EUR 8.83 at Lang & Schwarz on October 21, 2026 at 11:23 a.m. CEST. The 52-week range was EUR 8.05 to EUR 11.30, while market capitalization was EUR 9.0 billion.

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