Zagrebacka banka sets EUR 1,519.96 target for Koncar stock
Published on 10/05/2026 at 22:54 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
Koncar (HRKOEIRA0009) secured more than EUR 1 billion in new contracts in the first half of 2026, while its stock reached EUR 1,090.00 on October 1, 2026. Bloomberg Adria reported that Zagrebacka banka analyst Igor Gvozdanovic published a recommendation on September 29 with a EUR 1,519.96 target.
Target stands above the recent record
The target lies 39.45 percent above the EUR 1,090.00 market price reported on October 1. That comparison is significant because the stock had already exceeded its earlier EUR 1,080.00 record from June before reaching EUR 1,082.00 and then EUR 1,090.00.
The same Bloomberg Adria overview lists three additional targets: EUR 1,250.00 from Oddo BHF, EUR 1,604.00 from InterCapital and EUR 1,012.60 from Erste Group. All four analysts in that overview recommended buying the stock, putting the highest published target 47.16 percent above EUR 1,090.00.
Contracts support the expansion cycle
Koncar said on September 14, 2026, that the group secured more than EUR 1 billion of new contracts in the first half of 2026. Exports accounted for more than 71 percent of sales revenue, showing that international projects remain central to the growth plan.
The company also described the investment program as the largest in its history and said the group employs more than 6,600 people. For investors, the combination of contract volume and export exposure provides a business explanation for the analyst interest, while the wide target range shows differing views on valuation.
Market value nears EUR 2.8 billion
Koncar's market capitalization approached EUR 2.8 billion at the EUR 1,090.00 level on October 1, 2026. Trading turnover reached almost EUR 1.3 million by the end of that session, the highest in nearly two months, while the stock ended at EUR 1,084.00.
Koncar stock facts
- Company: KONCAR - Electrical Industry Inc.
- ISIN: HRKOEIRA0009
- Ticker: KOEI-R-A
- Primary exchange: Official Market of the Zagreb Stock Exchange
- Market capitalization: EUR 2.8 billion (as of October 1, 2026)
- Sector / Industry: Electrical equipment, energy infrastructure and rail vehicles
