GTT stock rebounds despite -12.5% over one month, following analyst upgrade
The specialist in methane carrier tanks regains ground in late afternoon trading, in a directionless Paris market. This rebound follows an activity publication that has weighed on the stock in recent days, and a governance change announced last week.
A rebound of 1.8% below the stock's three moving averages
GTT gains 1.81% to €191.50, compared to €188.10 at the previous close. The stock has nevertheless lost 12.48% over one month and 4.92% over the week, since the nine-month revenue published on October 23: €570.1 million, down 4.9%, with 80 orders recorded since January 1.
Today's rebound leaves the stock below its three moving averages, at 7.35% below the 20-day MA and 3.82% below the 200-day MA (€199.10).
The RSI at 38 remains in a neutral zone. The support at €181.10 is approximately 5% below the current price, leaving some room before testing it.
Goldman Sachs upgrades to buy with a €210 price target
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Goldman Sachs upgrades its rating on GTT from neutral to buy, with a price target of €210, approximately 9.7% above the current price. A day earlier, CIC Market Solutions maintained its buy rating with a target of €238, representing a potential upside of 24%.
On the fundamentals side, the group confirmed on October 23 its objectives for 2026 despite an uncertain geopolitical context, with an order backlog of 299 units. Another governance-related point: Catherine Ronge will succeed Philippe Berterottière as Chairman of the Board effective November 16.
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.
