The significant improvement in the conditions of refining, as well as the strong production of Motor Oil cash flows, is incorporated by NBG Securities in its new estimates for the group. Stock market raises the target price to €51 per share, from €41 previously, maintaining the recommendation overperformance.
The new valuation offers a 28% rise margin compared to the price of €39,88 on 12 June and the stock market points out that the upgrading of €10 per share results mainly from the high increase in forecasts for the profits of 2026 to 2028.
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