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Montega Reiterates Buy on Steico With EUR 30 Price Target
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Montega Reiterates Buy on Steico With EUR 30 Price Target
  • Montega reaffirmed its Buy rating on Steico on Oct. 16, 2026, maintaining a 12-month price target of EUR 30.
  • The research firm cited third-quarter stabilization, with the EBIT margin recovering to 10.3%.
  • Quarterly EBIT rose 29.7% to EUR 10.3 million; revenue increased 8.9% to EUR 100.7 million.
  • Full-year EBIT guidance narrowed to EUR 30.6 million–EUR 35 million, consistent with Montega’s expectations.
  • Montega viewed the shares’ 21% year-to-date decline as excessive, citing a price-to-book ratio of 0.6 times.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Steico SE published the original content used to generate this news brief via EQS News (Ref. ID: rc_27100) on October 16, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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