RBI upgrades Porr stock to Buy with EUR 36.00 target

Published on 10/06/2026 at 17:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

RBI upgraded Porr stock to Buy and set a EUR 36.00 target on October 6, 2026. Last at EUR 31.75 on October 2 after EUR 31.80.

Porr, AT0000609607, Illustration mit AI erstellt.

Porr (ISIN AT0000609607) was last at EUR 31.75 on Tradegate on October 2, 2026, compared with a prior close of EUR 31.80, a minus 0.16 percent change. According to Aktiencheck on October 6, 2026, Raiffeisen Bank International upgraded Porr from Hold to Buy and set a EUR 36.00 price target.

RBI sees a EUR 36.00 target

RBI analyst Gregor Koppensteiner based the upgrade on Porr's order backlog, infrastructure position and specialized building activities, according to the October 6 analysis. The target is EUR 4.25 above the Tradegate substitute price, which places the price 11.81 percent below the target.

The same analysis identifies weak cash conversion, higher net debt and possible dilution from the hybrid convertible bond as counter-factors. That combination gives the upgrade a clear condition: the operating improvement has to convert into cash and balance-sheet progress.

First-half EBIT rises to EUR 56.3 million

In the first half of 2026, Porr increased EBIT by 15.60 percent to EUR 56.30 million and lifted its EBIT margin to 1.90 percent, according to Yahoo Finance transcript coverage. Earnings per share rose 34.00 percent to EUR 0.71 in the same period.

Management guided for 2026 output and revenue growth of 2.00 percent to 4.00 percent and an EBIT margin of 3.20 percent to 3.30 percent. The first-half margin of 1.90 percent therefore leaves a 1.30 to 1.40 percentage-point improvement implied by the full-year range.

Stock remains below its yearly high

Porr's primary listing is on the Vienna Stock Exchange under ticker POS, and the stock is included in the ATX. Finance data put market capitalization at EUR 1.2 billion as of October 6, 2026, while the 52-week range was EUR 25.30 to EUR 46.55.

At EUR 31.75, the Tradegate substitute price stood 31.79 percent below the 52-week high and 25.49 percent above the low. For investors, the key test is whether the first-half margin and cash-flow recovery can support the higher valuation implied by the EUR 36.00 target.

Tradegate price stays below target

Porr was last at EUR 31.75 on Tradegate on October 2, 2026, versus the Tradegate prior close of EUR 31.80 on October 1, 2026, a minus 0.16 percent change. Price source: substitute price Tradegate, Lang & Schwarz without data set.