RTL Group stock: J.P. Morgan keeps Sell rating at EUR 28

Published on 11/06/2026 at 11:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RTL Group stock faces a cautious view from J.P. Morgan ahead of its next results. Quarterly revenue and net profit increased year over year.

Rating and earnings picture

J.P. Morgan kept its Sell rating and set a EUR 28.00 price target for RTL Group.
Quarterly revenue increased to EUR 1.45 billion from EUR 1.39 billion a year earlier.
Net profit rose to EUR 22.5 million from EUR 15.5 million in the comparable period.

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J.P. Morgan maintained its Sell rating on RTL Group on Wednesday, November 4, and set a price target of 28.00 euros. Markets Insider reported the assessment from J.P. Morgan analyst Daniel Kerven.

Broker caution contrasts with growth

The rating leaves J.P. Morgan below the broader analyst view. Markets Insider cited a Hold consensus and an average price target of 32.50 euros, indicating that the bank's stance is more cautious than the wider sell-side assessment.

RTL Group's latest reported quarter, which ended June 30, showed revenue of 1.45 billion euros, compared with 1.39 billion euros in the same period a year earlier. Net profit increased to 22.5 million euros from 15.5 million euros. The figures provide a stronger earnings backdrop, although the broker's target remains below the current share price.

Share price remains above target

RTL Group stock traded at 32.85 euros on Lang & Schwarz at 11:01 CET on Friday, November 6, 2026, 2.95 percent below the Xetra close of Thursday, November 5. The latest quote was therefore 4.85 euros above J.P. Morgan's target, while the wider consensus target remained closer to the market level.

Investors can follow the real-time quote of RTL Group stock during the session. The combination of improved quarterly earnings and a below-market broker target leaves valuation and execution as key points for the next company update.