JP Morgan raised target for Repsol stock from EUR 25 to EUR 27

Published on 10/12/2026 at 09:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Repsol stock costs EUR 28.65 on October 12, 2026, 2.95 percent below EUR 29.52. Results are due October 29, 2026 before market open.

Key points in brief

JP Morgan raised its Repsol target from EUR 25 to EUR 27 while keeping a neutral rating on October 8, 2026.
Repsol's preliminary third-quarter production reached 574,000 barrels of oil equivalent per day, up 4.20 percent year over year.
The stock was trading at EUR 28.65 at Lang & Schwarz on October 12, 2026, 2.95 percent below the Xetra close of EUR 29.52.
Third-quarter results are scheduled for October 29, 2026, before the market opens.

Schwarzweiß-Reportagefoto von Arbeitern, die Rohrleitungen einer Anlage prüfen — Repsol S.A. (ISIN ES0173516115) beschäftigt Ingenieure, die Pipelines in dokumentarischer Schwarzweiß-Aufnahme sorgfältig inspizieren, Illustration mit AI erstellt.

Repsol (ES0173516115) stock was trading at EUR 28.65 at Lang & Schwarz on October 12, 2026 at 9:48 a.m. CEST, 2.95 percent below the Xetra close of October 9, 2026 at EUR 29.52. On October 8, 2026, Yahoo Finance reported that JP Morgan had raised its Repsol target from EUR 25 to EUR 27 while keeping a neutral rating.

Three dated signals shape the stock

On June 30, 2026, Repsol had reported net income of EUR 2.201 billion for the first half, compared with EUR 603.00 million a year earlier, according to Yahoo Finance. The second-quarter contribution was EUR 1.272 billion, versus EUR 237.00 million in the same quarter of 2025.

On September 24, 2026, Repsol reached a reported 52-week high of EUR 31.64, leaving the October 12 Lang & Schwarz price 9.45 percent below that level. On October 8, 2026, JP Morgan's target move added a valuation counterpoint because the new EUR 27 target remained below the market price cited in the report.

What did the third quarter add?

On October 8, 2026, Quartr summarized Repsol's third-quarter trading statement with provisional production of 574,000 barrels of oil equivalent per day, up 4.20 percent year over year. The Spanish refining margin indicator reached USD 36.20 per barrel, compared with USD 14.00 per barrel in the second quarter and USD 8.80 per barrel in the third quarter of 2025.

The operating figures improve the near-term earnings setup, but they also raise the comparison hurdle. The refining margin was 159.00 percent above the previous quarter, while the upcoming results must show how much of that gain reached net income.

Results date sets the next test

Repsol's investor-relations page lists the third-quarter trading statement dated October 6, 2026 and schedules the final third-quarter results for October 29, 2026. The result date matters because the current price remains 9.45 percent below the 52-week high, while the market has already received a target revision and strong operating indicators.

At Lang & Schwarz, Repsol stock was trading at EUR 28.65 on October 12, 2026 at 9:48 a.m. CEST, 2.95 percent below the Xetra close of October 9, 2026 at EUR 29.52. The further course of trading is shown by the continuously updated real-time quote of Repsol stock.