UBS cuts target for Italgas stock to EUR 10.60

Published on 10/13/2026 at 13:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Market value is EUR 8.4 billion before October 29, 2026 results. Italgas stock costs EUR 8.28 on October 13, 2026, up 0.36 percent on Borsa Italiana.

UBS cut its Italgas target from EUR 11.00 to EUR 10.60 on September 15, 2026, while keeping a Buy rating.
Adjusted revenue rose 17.50 percent to EUR 1.09 billion in the first half of 2026.
Italgas stock was at EUR 8.28 at Lang & Schwarz on October 13, 2026 at 1:18 p.m. CEST, up 0.36 percent versus the Borsa Italiana close of October 12, 2026.
Italgas is scheduled to report third-quarter 2026 results on October 29, 2026.

Schwarzweißes Reportagefoto von Gasrohrverlegung in italienischer Altstadtstraße — Schwarzweiß-Reportage zeigt Rohrverlegung in Italien, passend zu Italgas S.p.A. (IT0005211237) und dessen Gasnetzausbau in Städten, Illustration mit AI erstellt.

UBS cut its Italgas target from EUR 11.00 to EUR 10.60 on September 15, 2026, while keeping a Buy rating, according to MarketScreener. The new target sits 28.02 percent above the EUR 8.28 price at Lang & Schwarz on October 13, 2026 at 1:18 p.m. CEST, measured in the same currency.

Revenue grows in first half

Adjusted revenue increased 17.50 percent to EUR 1.09 billion in the first half of 2026, while adjusted EBITDA rose 25.00 percent to EUR 1.07 billion, according to Investing.com. The same report put adjusted net profit at EUR 398.60 million, up 27.30 percent, and operating cash flow at EUR 930.00 million for the period.

Stock remains below its high

Italgas stock was EUR 8.28 at Lang & Schwarz on October 13, 2026 at 1:18 p.m. CEST, up EUR 0.03 or 0.36 percent versus the Borsa Italiana close of EUR 8.25 on October 12, 2026. The EUR 8.05 to EUR 11.30 52-week range places the price 26.73 percent below the high, while volume was 224,125 shares against an average of 2.57 million.

Valuation and October results

Market capitalization was EUR 8.4 billion on October 13, 2026, with a price-to-earnings ratio of 9.97 and a trailing dividend yield of 5.00 percent. The investor calendar on Italgas lists the presentation of third-quarter 2026 results for October 29, 2026.

Comparison with peers

Italgas (Borsa Italiana, EUR): plus 0.36 percent, P/E 9.97, market capitalization EUR 8.4 billion
Snam (Borsa Italiana, EUR): plus 0.46 percent, P/E 16.72, market capitalization EUR 19.1 billion
Hera (Borsa Italiana, EUR): plus 0.98 percent, P/E 10.97, market capitalization EUR 5.2 billion

Price stays below the yearly high

The combination of a lower UBS target and strong first-half operating growth leaves regulation as the central valuation variable. UBS said the proposed framework could reduce its 2028 to 2031 EBITDA estimates by an average of 2.00 percent and earnings estimates by 4.00 percent, while the company remains scheduled to present its third-quarter figures on October 29, 2026.

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