Montega Reiterates Buy on FORTEC Elektronik With EUR 15 Price Target

Bitget2026/10/23 11:27

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Montega reiterated its Buy rating on FORTEC Elektronik on October 23, 2026, maintaining a 12-month price target of EUR 15.
The firm expects a return to profitable growth in fiscal 2026/2027, retaining its revenue growth forecast of 2.2%.
Order backlog reached EUR 62 million in late August, up from EUR 50.1 million on March 31.
New defense orders span both operating segments, with higher-margin contracts expected to support the earnings recovery.
Shares trade at 0.7 times book value, a discount Montega considers unjustified despite an expected fiscal 2025/2026 net loss.

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. FORTEC Elektronik AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_27170) on October 23, 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 FORTEC Elektronik With EUR 15 Price Target

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