GTT Shares Dip at the Close to €182.70, Consolidating After Monday's Rise
Following a day of consolidation, the specialist in containment membranes for LNG carriers gives back some of the gains made during the previous session. The decline occurs in a weakened market where the CAC 40 also loses ground. This is a classic case of profit-taking after a strong rebound.
Gaztransport et Technigaz's stock fell by 2.09%, dropping to €182.70 after closing at €186.60 the previous day. Only 0.41% of the capital was traded during this session. However, this consolidation does not undermine the annual momentum: since the beginning of the year, the group has advanced by 36.34%, significantly outperforming the CAC 40, which has gained 8.89% over the same period. Over three months and seven days, the stock maintains a positive trajectory with gains of +9.73% and +9.08%, respectively, illustrating the persistence of the bullish trend even after today's profit-taking.
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This decline follows Monday's announcement of a robust operational performance that had boosted the stock by 8.74%. The company reported a revenue of €599.6 million for the first nine months, up by 29%. The third quarter alone accounted for €211 million, surpassing the analysts' consensus estimate of €202 million. The business of tank equipment for new LNG carriers, which represents 93% of the revenue, showed a growth of 30%. With these results, the group has raised its forecasts for the current year, now expecting revenue between €790 and €820 million, up from €750 to €800 million previously. EBITDA is projected to be between €530 and €550 million. This improvement in guidance reflects the vitality of the liquefied natural gas market and a backlog of 295 ships at the end of September.
Technical Analysis
Technically, the stock is retreating from its immediate resistance of €186.60. The Relative Strength Index (RSI) stands at 91, indicating overbought conditions that justify this profit-taking. The 50-day moving average is at €159.31, while the 200-day moving average is at €154.07, maintaining a bullish alignment. The MACD maintains a positive configuration with a main line at 4.67 points ahead of the signal line at 2.82 points. The immediate support is positioned at €151.30. The stock remains framed by the Bollinger Bands with an upper threshold at €178.16 and a lower threshold at €152.19.
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
The information presented in this article is provided for informational purposes only and does not constitute an investment recommendation, an incentive to buy or sell a financial asset, or investment advice. Readers are invited to conduct their own research before making any decision.
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.