Naturgy Stock Surges After Goldman Removes Conviction List Listing

Naturgy Energy Group's stock price has gained 1.34 percent to EUR 29.44 after Goldman Sachs removed the company from its October European Conviction List.

The decision by Goldman comes after Naturgy reported strong first-half results, with net income rising 5.90 percent to EUR 1,215.0 million and EBITDA increasing 4.50 percent to EUR 2,975.0 million.

RBC Capital Markets has raised its price target for Naturgy from EUR 31.50 to EUR 32.00, while maintaining an overweight recommendation. The company's market capitalization stands at EUR 27.3 billion, and the next earnings report is scheduled for October 28, 2026.