Montega Reiterates Buy on Steico With EUR 30 Price Target

Bitget2026/10/16 09:45

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Montega reaffirmed its Buy rating on Steico on Oct. 16, 2026, maintaining a 12-month price target of EUR 30.
The research firm cited third-quarter stabilization, with the EBIT margin recovering to 10.3%.
Quarterly EBIT rose 29.7% to EUR 10.3 million; revenue increased 8.9% to EUR 100.7 million.
Full-year EBIT guidance narrowed to EUR 30.6 million–EUR 35 million, consistent with Montega’s expectations.
Montega viewed the shares’ 21% year-to-date decline as excessive, citing a price-to-book ratio of 0.6 times.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steico SE published the original content used to generate this news brief via EQS News (Ref. ID: rc_27100) on October 16, 2026, and is solely responsible for the information contained therein.

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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Montega Reiterates Buy on Steico With EUR 30 Price Target

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