Renta 4 raised target for Puig stock to EUR 22.60

Published on 10/12/2026 at 10:57 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached EUR 2.35 billion in the first half of 2026, up 2.37 percent. Puig stock costs EUR 18.18 on October 12, 2026 below EUR 18.89 high.

Key points in brief

Renta 4 raised its Puig target from EUR 20.80 to EUR 22.60 on September 30, 2026.
Puig reported EUR 2.35 billion in sales for the first half of 2026, up 2.37 percent.
The stock was EUR 18.18 at Lang & Schwarz on October 12, 2026 at 10:49 a.m. CEST.
Puig has scheduled its third-quarter sales update for October 21, 2026 and its Investor Day for October 28, 2026.

Puig, ES0105777017, Illustration mit AI erstellt.

Puig (ISIN ES0105777017) was trading at EUR 18.18 at Lang & Schwarz on October 12, 2026 at 10:49 a.m. CEST. According to Benzinga on September 30, 2026, Renta 4 raised its target from EUR 20.80 to EUR 22.60 and reiterated its overweight rating.

Three milestones carry figures

On July 30, 2026, Puig reported first-half sales of EUR 2.35 billion, up 2.37 percent, according to FashionUnited. On September 14, 2026, Puig agreed to acquire the remaining 50 percent of ISDIN for EUR 1.20 billion, according to Reuters. On September 30, 2026, Renta 4 lifted its target to EUR 22.60, as reported by Benzinga.

What does ISDIN add?

The ISDIN transaction would give Puig full ownership of the dermocosmetics company. Reuters reported that EUR 900 million is due in cash at closing, while EUR 300 million is deferred to the first quarter of 2029; completion is expected by the end of the first quarter of 2027, subject to regulatory approval. The deal also keeps net debt relative to adjusted earnings before interest, taxes, depreciation and amortization below 2.0 times, according to Reuters.

The first-half mix shows why the acquisition matters strategically. Skin care accounted for 12 percent of Puig sales, while Fragrances and Fashion represented 73 percent, according to Benzinga's October 8, 2026 report. The figures point to a portfolio shift toward dermatology, but they also leave the transaction dependent on integration and financing discipline.

Dates set for the next data points

Puig is scheduled to publish its third-quarter sales update on October 21, 2026 and hold its Investor Day on October 28, 2026, according to Benzinga. Those dates provide the next reported checkpoints for fragrance demand, ISDIN planning and management's explanation of potential synergies.

Stock stays below its yearly high

The BME 52-week range was EUR 13.11 to EUR 18.89 as of October 12, 2026, placing the Lang & Schwarz price EUR 0.71 below the upper end. The current euro quote therefore sits near the year's high while the analyst target remains above the latest market price.

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