Motor Oil: Euroxx Doubles Target Price to €70.8 — Sees EBITDA of over €2 Billion
6 Articles
6 Articles
The brokerage takes into account the environment of higher refining margins from the third quarter onwards, as well as the revaluation of the Group's non-fuel activities
Euroxx Research is moving forward with a new strong upgrade of Motor Oil's outlook, essentially doubling the target price for
Euroxx Securities more than doubles its target price for Motor Oil to €70.8 from €36.3, maintaining its "Overweight" recommendation.
The brokerage "sees" that the extremely favorable environment in refining margins will be maintained for a longer period, leading the group to adjusted EBITDA of over 2 billion euros in 2026.
Euroxx updates its forecasts for Motor Oil, noting that in the second quarter of 2026, the Group recorded its strongest quarter in its history and we expect this trend to continue in the coming quarters, with adjusted EBITDA reaching EUR 2.1 billion. The analysts note that “we have updated our valuation and set a new target price at 70.8 euros per share, up from 36.3 euros previously, maintaining the overweight recommendation. Based on our estim…
Maintains an "Overweight" recommendation.
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