GTT Stock Surges Nearly 4% Defying a Plummeting CAC 40
The French designer of LNG carrier tanks stands out in a heavily shaken Parisian market. The stock benefits from both a new contract in China and the surge in Brent crude, amid a severely deteriorated geopolitical climate in the Middle East.
A Notable Rebound Driven by a New Chinese Contract and Brent Surge
GTT gains 3.85% to €194.20 in late afternoon trading, while the CAC 40 is down 2% and the SBF 120 falls by 1.83%. The stock is among the top gainers in the SBF 120, going against the trend in a market weighed down by the new military escalation between Washington and Tehran. The movement is based on an order announced on July 7 by the Chinese shipyard Jiangnan, involving the design of tanks for four LNG carriers of 175,000 m³ equipped with the Mark III Flex system, intended for COSCO Shipping Energy. In parallel, Brent crude soars by 5.7% to $76.09 a barrel, following US strikes claimed against Iran and the Iranian counterstrike announced on military installations in Kuwait and Bahrain. This surge in crude mechanically pulls up French oil and oil-related stocks, like Maurel and Prom (+6.17%) and Vallourec (+3.97%), which occupy the top two spots in the SBF 120.
The Stock Moves Above its 20-Day Moving Average but Remains Below a Key Resistance at €203.60
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Technically, the rebound brings the price back above the 20-day moving average (€191.66), with a margin of 1.33%, while still leaving the stock below its 50-day moving average at €199.08 (-2.45%). The 200-day moving average at €183.21 remains well oriented below the prices, with a cushion of 6%. The RSI at 40 is gradually exiting the oversold zone that accompanied the June correction, when the stock successively broke several supports down to €183.20. The resistance at €203.60 represents the next graphical hurdle, while the 50-day moving average remains the first threshold to reclaim. The VIX jumps by 11.53% to 17.99, indicating renewed nervousness across the markets. Over a year, the stock still shows a gain of 18.7%, despite a decline of 4.52% over the past month. GTT's order book is rapidly expanding into 2026, with several successive announcements in LNG carriers and LNG land storage, as the price of liquefied natural gas remains supported by geopolitical tensions.
GTT confirme ses objectifs pour l'exercice 2026 ; le Groupe dispose d'une très forte visibilité sur son chiffre d'affaires
Risks mentioned
Risque de retards dans les plannings de construction des navires, condition de la tenue des objectifs 2026
Perturbations géopolitiques citées comme facteur de contexte du marché des méthaniers
Chiffre d'affaires et EBITDA stables, sans croissance par rapport au 1er semestre 2025
Opportunities identified
Carnet de commandes à 1,9 milliard d'euros offrant une forte visibilité pour les années à venir
37 Mtpa de nouvelles décisions d'investissement en unités de liquéfaction de gaz naturel
Premières commandes de méthaniers à trois cuves et des plus grands réservoirs terrestres GST®
Outlook / guidance
Expected revenue: 760 millions d'euros
Expected EBITDA: 510 millions d'euros
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Investments in the stock market involve risks, including the risk of capital loss. Past performance of an asset or market is no guarantee of future results. Any investment decision should be made taking into account your personal financial situation, objectives and risk tolerance.
