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.
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%.
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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.
SectorÉnergie›Services et équipements parapétroliers
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Context
Period
Period: 9M 2026
Key reported figures
Revenue: 570,1 millions d'euros
Quarterly revenue: 570,1 millions d'euros
Revenue growth: -4,9 %
Guidance from the release
the Group confirms its objectives for 2026 despite an uncertain geopolitical context
Risks mentioned
Ongoing conflict in the Middle East causing disruptions to energy and maritime transportation markets with uncertainties related to Strait of Hormuz navigation
Lower number of LNG carriers under construction linked to low order intake in first nine months of 2025 impacting revenues
Trend of earlier ship delivery dates reversing with dates realigning to contractual milestones, representing less than 2% of nine months revenue shift
Opportunities identified
Significant number of Final Investment Decisions taken for new liquefaction capacities providing high visibility for several years
Strong order momentum with 80 orders received (71 for LNG carriers) and orderbook of 299 units valued at 1.8 billion euros
GTT Energy's new services offering (LNG Performance Centre) with Cargo Insights module presenting major milestone for digital solutions development
Outlook / guidance
Expected revenue: 760 millions d'euros
Expected EBITDA: 510 millions d'euros
Management commentary: GTT recalls its targets for the 2026 fiscal year, namely: 2026 consolidated revenues between 740 and 780 million euros, Consolidated EBITDA for 2026 between 490 and 530 million 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.