Redeia stock: Morgan Stanley cuts target to EUR 14.00. Redeia stock is 3.85 percent above it.

Published on 10/19/2026 at 15:50 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Redeia lists results for October 28, 2026. Redeia stock costs EUR 14.56 at Lang & Schwarz on October 19, 2026 at 3:37 p.m. CEST.

Analyst target and reporting date

Morgan Stanley lowered its Redeia target to EUR 14.00 on October 19, 2026.
Redeia lists October 28, 2026 for its 9M 2026 results.
Redeia stock costs EUR 14.56 at Lang & Schwarz on October 19, 2026 at 3:37 p.m. CEST.
Redeia had a market capitalization of EUR 8.1 billion on October 19, 2026.

Aquarell der Madrider Skyline mit Strommasten für Redeia Red Eléctrica — Aquarellmalerei der Madrider Skyline mit fernen Strommasten illustriert Redeia (Red Eléctrica), ISIN ES0173093024, Netzbetreiber Alcobendas, Illustration mit AI erstellt.

Morgan Stanley cut its Redeia price target from EUR 16.00 to EUR 14.00 and lowered its rating from neutral to underweight on October 19, 2026, according to Merca2. The new target is 3.85 percent below the EUR 14.56 price from Lang & Schwarz at 3:37 p.m. CEST on October 19, 2026.

Target cut changes the valuation debate

The double change puts the analyst view below the market price and contrasts with the broader consensus cited by Merca2. The report placed the average target from 24 firms at EUR 16.63, while 11 firms recommended buying, nine recommended holding and four recommended selling. Those figures show a wide gap between Morgan Stanley's view and the wider analyst group.

The key issue is financing rather than a reported operating deterioration. Morgan Stanley linked its weaker stance to higher debt costs, which can reduce the value assigned to regulated infrastructure when financing becomes more expensive. Redeia's regulated grid business provides recurring revenue, but the return investors demand from those assets also depends on interest rates.

Results date sets the next test

Redeia's investor calendar lists October 28, 2026 for its nine-month results, according to the company's investor-relations page. The release will give investors a fresh operating reference after the first-half results were published on July 29, 2026.

For scale, the first-half net profit reported for Redeia was EUR 280.00 million, up 4.00 percent from the year-earlier period. The figure appeared in the earlier coverage listed for the company and is used here only as historical operating context; the October 28 release is the next scheduled update.

Comparison with peers

Redeia (Madrid, EUR): P/E 12.34, market capitalization EUR 8.1 billion

Iberdrola (Madrid, EUR): minus 2.17 percent, P/E 19.49, market capitalization EUR 141.6 billion

Enel (Milan, EUR): minus 1.77 percent, P/E 22.59, market capitalization EUR 89.7 billion

Price and valuation remain divided

Redeia's market capitalization stood at EUR 8.1 billion on October 19, 2026. The comparison with Iberdrola and Enel shows that Redeia is much smaller than the two large European utility peers, while the Morgan Stanley target places the immediate debate on debt costs and regulated returns.

Redeia stock was trading at EUR 14.56 at Lang & Schwarz on October 19, 2026 at 3:37 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Redeia stock.