GTT Shares Hit a New Historical Record at 191 Euros
On Tuesday, GTT reached a new all-time high during the trading session, surpassing the previous peak of 191 euros set on February 20th. The stock of the cryogenic membrane specialist for liquefied natural gas transport is trading at 189.70 euros at midday, up 0.21% from the previous day. This momentum is part of a marked upward trajectory, with a gain of nearly 23% over one year.
Breaking the Old Record
By surpassing its previous record today, the GTT stock confirms the strength of its upward trajectory. The price is now significantly above its 50-day and 200-day moving averages, which are located at 170.49 and 165.54 euros respectively, indicating a well-established bullish momentum in the medium and long term. The gap between the current price and the 50-day moving average exceeds 11%, signaling a notable acceleration in recent weeks. The RSI, an indicator measuring the speed and magnitude of price movements, is at 68, close to the overbought zone set at 70. This positioning reflects persistent buying pressure, without immediately signaling an excess. The stock has indeed surpassed the resistance identified at 189.30 euros during the session, which may now act as a new technical floor. Over a week, the progression reaches 4.63%, while the quarterly performance is 10.61%.
Recent Analyst Revisions
Two recent analyst revisions accompany this dynamic. Berenberg raised its price target from 180 to 185 euros on February 24th, while maintaining a 'hold' recommendation. This target remains below the current price of 189.70 euros, implying a potential decline of about 2.5% according to this estimate. On the other hand, UBS raised its target from 200 to 210 euros the day before, with an unchanged 'buy' rating, suggesting a potential upside of about 10.7% from the current level. The next key date on GTT's financial calendar is the publication of the first quarter 2026 revenue, expected on April 22nd. This event will be an important milestone to assess the strength of the group's order book, in a context where the global demand for LNG carriers is supported by increasing needs for LNG transport.
