GTT stock breaks through €220 and posts one of the strongest gains in the SBF 120
GTT confirms its upward momentum on Wednesday, after breaking through intraday the €220 resistance level that the stock had been targeting for several days. The momentum is accompanied by an upward revision of Oddo BHF's price target, published the previous day, which reinforces the stock's profile at a level close to its all-time highs.
The €220 resistance breached, GTT at the top of the SBF 120 during the session
GTT gains 1.85% to €220.80 mid-morning, after breaking through its €220 resistance during the session. The stock remains above this threshold, making it one of the most notable moves in the SBF 120, where GTT ranks among the strongest gainers of the day in an index that is nearly stable (+0.08%). The monthly gain reaches nearly 7%, while over one year, the stock shows close to 39% appreciation.
All three reference moving averages are exceeded: the 20-day MA at €211.04, the 50-day MA at €200.96 and the 200-day MA at €191.50, with respective gaps of 4.6%, 9.9% and 15.3%. The RSI at 63 reflects sustained buying momentum, without reaching a marked overbought zone. The next technical reference point is at €230, a psychological level above which no previous resistance can be identified.
Oddo BHF raises its target to €260 and CIC Market Solutions reiterates its buy recommendation
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Two analyst opinions are fueling the session. Oddo BHF raised its price target from €240 to €260 on September 15, while maintaining its "outperform" rating: this represents an upside potential of nearly 18% compared to the current price. For its part, CIC Market Solutions confirmed its buy recommendation on Wednesday with a target of €238, representing an upside potential of approximately 7.8% above current levels. These revisions come in a fundamental context that GTT itself described as solid when publishing its H1 2026 results on July 28.
The group had then confirmed its targets for fiscal year 2026, based on an order book of €1.9 billion. Furthermore, GTT Energy announced on September 15 two new technological offerings aimed at liquefied gas carrier operators and the LNG container ship segment, thereby expanding the commercial scope of its unit dedicated to containment systems and energy management. The next concrete technical reference remains the €230 level, a threshold that has yet to be tested by the stock.
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.
