UBS sets EUR 54.00 target for GEK Terna stock

Published on 10/05/2026 at 13:11 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Adjusted EBITDA rose 12.20 percent in the first half of 2026. GEK Terna stock costs EUR 43.26 on October 5, 2026 after EUR 43.37, minus 0.25 percent.

GEK Terna, GRS145003000, Illustration mit AI erstellt.

GEK Terna (GRS145003000) was trading at EUR 43.26 at Lang & Schwarz on October 5, 2026 at 1:06 p.m. CEST, down 0.25 percent versus the prior close of EUR 43.37. In its October 5, 2026 market report, Protothema said UBS had set a EUR 54.00 target for the stock. The target is 24.81 percent above the Lang & Schwarz price.

Half-year profit gains momentum

GEK TERNA reported revenue of EUR 2,101.6 million for the first half of 2026. Adjusted EBITDA rose 12.20 percent to EUR 356.3 million, lifting the adjusted EBITDA margin to 17.00 percent from 16.20 percent in the first half of 2025.

Adjusted net profit attributable to shareholders reached EUR 83.4 million in the first half of 2026, up 22.10 percent from the comparable period. Profit before tax increased to EUR 94.7 million from EUR 87.6 million, giving the results a clear year-over-year comparison.

Concessions drive the backlog

The Concessions segment was the main operating driver in the first half of 2026. Its revenue increased 32.30 percent, while operating profitability rose 35.20 percent, and the segment contributed 63.00 percent of total adjusted EBITDA.

Signed backlog stood at EUR 6.9 billion as of June 30, 2026, compared with EUR 6.6 billion at the end of 2025. Projects pending signature added EUR 2.0 billion, bringing the total backlog to EUR 8.9 billion. The figures connect the current earnings profile with a substantial future project pipeline.

Stock remains below yearly high

GEK Terna was trading at EUR 43.26 at Lang & Schwarz on October 5, 2026 at 1:06 p.m. CEST, minus 0.25 percent versus the prior close of EUR 43.37. The 52-week range was EUR 21.66 to EUR 48.32 on October 5, 2026, placing the price 10.47 percent below the high.