JPMorgan raises target for Repsol stock to EUR 27 from EUR 25

Published on 10/09/2026 at 12:17 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Repsol stock costs EUR 29.50 on October 9, 2026 after EUR 30.14, down 2.12 percent. Third-quarter results are due on October 29, 2026.

JPMorgan raised its Repsol target from EUR 25.00 to EUR 27.00 on October 8, 2026, while keeping a Neutral rating.
Repsol's third-quarter trading statement estimated production at 574 Kboe/d, up 2.90 percent from the second quarter.
Repsol stock was trading at EUR 29.50 at Lang & Schwarz on October 9, 2026 at 12:15 p.m. CEST, down 2.12 percent.
Third-quarter results are scheduled for October 29, 2026, after the company reported a refining margin indicator of USD 36.20 per barrel.

Schwarzweiß-Reportagefoto von Arbeitern, die Rohrleitungen einer Anlage prüfen — Repsol S.A. (ISIN ES0173516115) beschäftigt Ingenieure, die Pipelines in dokumentarischer Schwarzweiß-Aufnahme sorgfältig inspizieren, Illustration mit AI erstellt.

Repsol stock (ISIN ES0173516115) was trading at EUR 29.50 at Lang & Schwarz on October 9, 2026 at 12:15 p.m. CEST, down 2.12 percent. According to Markets Insider on October 8, 2026, JPMorgan raised its Repsol target to EUR 27.00 from EUR 25.00 and kept a Neutral rating.

Three recent Repsol events

On October 5, 2026, Barclays raised its Repsol target to EUR 38.00 from EUR 32.00 and kept an Overweight rating, according to Markets Insider. On October 6, 2026, Repsol's trading statement estimated third-quarter production at 574 Kboe/d, compared with 558 Kboe/d in the second quarter and 551 Kboe/d a year earlier, per CNMV. JPMorgan's October 8 target change is the latest of the three events.

What does the target change mean?

The target revisions point in different directions. Barclays' EUR 38.00 target is EUR 11.00 above its previous EUR 27.00 level, while JPMorgan's new EUR 27.00 target remains below the Lang & Schwarz price of EUR 29.50. That gap makes the analyst split a concrete counterweight to Repsol's operational improvement.

The October 6 trading statement estimated Spain's refining margin indicator at USD 36.20 per barrel for the third quarter, compared with USD 14.00 per barrel in the second quarter. The same statement estimated refining utilization at 81.30 percent, versus 78.60 percent in the second quarter, linking the operational update to higher processing activity without establishing a direct cause for the share-price move.

Next date is October 29

Repsol's group results for the third quarter of 2026 are scheduled for October 29, 2026, according to the CNMV-hosted trading statement. That release labels the production and margin figures as estimates, so the final report will determine whether the provisional 574 Kboe/d production figure and USD 36.20 per barrel refining margin indicator hold.

Repsol stock trades below its yearly high

Repsol stock was trading at EUR 29.50 at Lang & Schwarz on October 9, 2026 at 12:15 p.m. CEST, down 2.12 percent versus the prior close of EUR 30.14 on October 8, 2026. The reference price remains EUR 2.14 below the 52-week high of EUR 31.64 and EUR 15.54 above the 52-week low of EUR 13.96, both as of October 9, 2026. The further course of trading is shown by the continuously updated real-time quote of Repsol stock.