Redeia stock: Morgan Stanley cuts target for Redeia stock to EUR 14.00

Published on 10/20/2026 at 15:41 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half profit hit EUR 280.40 million, up 4.00 percent year over year. Redeia stock costs EUR 14.56 on October 20, 2026, 17.65 percent below its high.

Morgan Stanley cuts target to EUR 14.00

Morgan Stanley lowered Redeia's target from EUR 16.00 to EUR 14.00 on October 19, 2026.
First-half net profit reached EUR 280.40 million, up 4.00 percent year over year.
Redeia stock costs EUR 14.56 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST, 17.65 percent below the 52-week high.
Redeia is scheduled to publish nine-month results on October 28, 2026.

Schwarzweißfoto von Technikern im Umspannwerk, Bezug zu Redeia Red Eléctrica — Schwarzweiß-Reportagefoto zeigt Techniker im Umspannwerk, passend zu Redeia (Red Eléctrica), ISIN ES0173093024, Netzbetreiber Spaniens, Illustration mit AI erstellt.

Redeia (ISIN ES0173093024) faces a lower valuation benchmark after Morgan Stanley cut its price target from EUR 16.00 to EUR 14.00 and reduced its rating from equal weight to underweight on October 19, 2026, as XTB reported. The EUR 14.00 target is 3.85 percent below the EUR 14.56 Lang & Schwarz price. Redeia was trading at EUR 14.56 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST.

The target reset narrows valuation room

Morgan Stanley's action places the target below the current euro quotation and changes the stock's near-term analyst reference point. XTB said the firm moved its recommendation from neutral to underweight while citing higher bond yields and financing costs as pressure on Redeia's earnings outlook. The report also said Bloomberg Intelligence analysts had reduced average earnings-per-share estimates for 2026 through 2030 by 1.00 percent.

Redeia stock stays below its high

Redeia's EUR 14.56 price was 17.65 percent below the 52-week high of EUR 17.68 and 2.90 percent above the 52-week low of EUR 14.15 on October 20, 2026. Market capitalization stood at EUR 7.9 billion on the same date. The price-to-earnings ratio was 12.34 and the dividend yield was 0.05 percent.

What does the next report add?

Redeia's first-half operating picture remains tied to investment in regulated networks. Quartr reported that first-half 2026 net profit reached EUR 280.40 million, up 4.00 percent year over year, while transmission-system investment rose 12.00 percent to EUR 631.00 million. Group investment totaled EUR 657.00 million, and earnings before interest, taxes, depreciation and amortization rose 5.80 percent to EUR 673.00 million.

The same first-half summary put net debt at EUR 5.01 billion, down EUR 464.80 million year over year, with a net-debt-to-earnings-before-interest, taxes, depreciation and amortization ratio of 3.90 times. Operating cash flow after tax reached EUR 546.20 million, a 15.60 percent increase from the prior-year period. These figures provide the operating counterweight to the lower analyst target.

Dates and valuation markers

Redeia's investor-relations calendar lists nine-month 2026 results for October 28, 2026, while the first-half figures were released on July 29, 2026. The company expects full-year 2026 net profit to exceed EUR 510.00 million and earnings before interest, taxes, depreciation and amortization to exceed EUR 1.25 billion, according to the Quartr summary of its first-half materials.

Stock position and next report

The target reduction gives investors a dated valuation marker, while the October 28 report will provide the next period update. Redeia's current market value and first-half investment figures leave the stock tied to both financing costs and regulated-network execution.

Redeia stock was trading at EUR 14.56 at Lang & Schwarz on October 20, 2026 at 3:31 p.m. CEST, 17.65 percent below its 52-week high of EUR 17.68. The further course of trading is shown by the continuously updated real-time quote of Redeia stock.