Montega sets MS Industrie price target at EUR 2.40, reiterates buy rating
Bitget2026/10/13 14:01- Montega reiterated a Buy rating on MS Industrie, raising its 12-month price target to EUR 2.40 from EUR 2.20.
- Report highlights a 51% acquisition of Serbia-based precision manufacturer IDAS, adding a third production site alongside Trossingen and Charlotte.
- IDAS generated EUR 8.5 million revenue in 2025; Montega estimates the purchase price at about EUR 1.5 million.
- Montega expects a resilient second half, citing a EUR 81.7 million order backlog at June 30 plus steady European truck demand.
- Valuation seen supported by the shares trading below book value, with forecasts updated in Montega’s DCF model.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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