Berenberg keeps EUR 245 target for GTT stock

Published on 10/15/2026 at 13:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Berenberg kept its EUR 245.00 target on September 24, 2026. GTT stock costs EUR 211.30 on October 15, 2026, 6.92 percent below its high.

Targets and operating milestones

Berenberg kept its EUR 245.00 price target on September 24, 2026.
GTT reported EUR 387.00 million in first-half 2026 revenue and a EUR 1.90 billion order book.
GTT stock traded at EUR 211.30 at 1:04 p.m. CEST at Lang & Schwarz on October 15, 2026.

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Gaztransport & Technigaz SA (FR0011726835) was covered by a EUR 245.00 price target from Berenberg on September 24, 2026, as the bank described the third-quarter slowdown in LNG carrier orders as seasonal. Finimize reported that Berenberg retained its buy rating and expected third-quarter revenue of EUR 194.00 million.

Order flow sets the next test

The note cited 63 LNG carrier orders year to date as of September 24, 2026. Seven orders had arrived during the third quarter, compared with 29 in the first quarter and 27 in the second quarter, giving investors a concrete measure of the seasonal slowdown.

That order pattern sits against GTT's first-half 2026 operating base. The company reported EUR 387.00 million of revenue, EUR 263.60 million of EBITDA and a 68.10 percent EBITDA margin for the period, while its order book reached EUR 1.90 billion. Ideal Investisseur reported the figures and said annual revenue and EBITDA guidance stood at EUR 760.00 million and EUR 510.00 million.

What does the order book mean?

The EUR 1.90 billion backlog provides a measurable cushion while new orders move through shipyard schedules. Berenberg expects GTT's 2026 revenue guidance range of EUR 740.00 million to EUR 780.00 million and EBITDA guidance range of EUR 490.00 million to EUR 530.00 million to move toward the upper end, although the timing of vessel construction remains a factor.

Three dated operating milestones

On July 28, 2026, GTT reported EUR 387.00 million in first-half revenue and a EUR 1.90 billion order book, according to Ideal Investisseur. On September 4, 2026, the analyst table showed Berenberg at Buy with a EUR 245.00 target, while Barclays began coverage at EUR 275.00, according to Investing.com. On September 24, 2026, Berenberg kept its EUR 245.00 target while citing 63 orders year to date, according to Finimize.

Next reporting date is October 23

GTT's finance calendar lists the 2026 third-quarter activity update for October 23, 2026, after the close of trading. The update should show whether the third-quarter order pace and revenue tracking support the existing annual guidance ranges. GTT lists the date on its finance page.

Stock remains below its yearly high

GTT stock was trading at EUR 211.30 at Lang & Schwarz on October 15, 2026 at 1:04 p.m. CEST. The price was 6.92 percent below the 52-week high of EUR 227.00 and the market capitalization stood at EUR 7.9 billion on the same date.

The company is listed on the Paris Stock Exchange under ticker GTT and operates in energy equipment and services. Its first-half backlog, the 63-order tally and the October 23 update provide three concrete checkpoints for the next valuation discussion.

The further course of trading is shown by the continuously updated real-time quote of GTT stock.