Redeia stock: Morgan Stanley cuts target from EUR 16.00 to EUR 14.00

Published on 10/21/2026 at 15:09 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Profit rose 4.00 percent to EUR 280.40 million through June 2026. Redeia stock costs EUR 14.67 on October 21, 2026, up 0.76 percent versus Xetra close.

Analyst target cut shapes the view

Morgan Stanley cut its Redeia target from EUR 16.00 to EUR 14.00 on October 19, 2026.
Net profit rose 4.00 percent to EUR 280.40 million in the first half of 2026.
Redeia stock costs EUR 14.67 at Lang & Schwarz on October 21, 2026 at 3:03 p.m. CEST, 0.76 percent above the Xetra close of October 20, 2026 and 17.02 percent below the 52-week high.
Redeia's next reported date is October 28, 2026.

Makroaufnahme von Glasisolatoren mit Tropfen zu Redeia Red Eléctrica — Makroaufnahme von Glas-Hochspannungsisolatoren veranschaulicht Kerngeschäft von Redeia (Red Eléctrica), ISIN ES0173093024, Stromübertragungsnetz, Illustration mit AI erstellt.

Redeia's stock outlook changed on October 19, 2026, when XTB reported that Morgan Stanley cut its rating from neutral to underweight and reduced its price target from EUR 16.00 to EUR 14.00. The new target is 4.57 percent below the EUR 14.67 Lang & Schwarz price. Redeia was trading at EUR 14.67 at Lang & Schwarz on October 21, 2026 at 3:03 p.m. CEST, up 0.76 percent versus the Xetra close of October 20, 2026 at EUR 14.56.

First-half profit supports the case

Quartr reported that Redeia's net profit reached EUR 280.40 million in the first half of 2026, an increase of 4.00 percent from the same period a year earlier. Revenue increased 7.10 percent year over year, while earnings before interest, taxes, depreciation and amortization rose 5.80 percent to EUR 673.00 million.

The operating figures add a counterweight to the Morgan Stanley downgrade. Transmission-system investment rose 12.00 percent year over year to EUR 631.00 million in the first half of 2026, according to Quartr.

Stock sits 17.02 percent below its high

Redeia's intraday range on October 21, 2026 was EUR 14.56 to EUR 14.68, while the 52-week range was EUR 14.15 to EUR 17.68. The Lang & Schwarz price stood 3.67 percent above the 52-week low and 17.02 percent below the 52-week high.

Valuation and the next date

Redeia carried a price-to-earnings ratio of 12.41 and a market capitalization of EUR 7.9 billion as of October 21, 2026. Redeia lists the nine-month 2026 results for October 28, 2026. That date is the next scheduled reporting event in the investor calendar.

Comparison with peers

Redeia: plus 0.76 percent versus the Xetra close, price-to-earnings ratio 12.41, market capitalization EUR 7.9 billion.

Iberdrola (BME, EUR): plus 0.85 percent on October 21, 2026, price-to-earnings ratio 19.61, market capitalization EUR 142.9 billion.

Enagas (BME, EUR): plus 0.23 percent on October 21, 2026, price-to-earnings ratio 20.63, market capitalization EUR 4.5 billion.

Target cut keeps valuation central

The combination of a lower Morgan Stanley target and positive first-half operating figures leaves valuation as the key dividing line. Redeia's 12.41 price-to-earnings ratio is below the two named Spanish utility peers, while the stock remains 17.02 percent below its 52-week high.

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