Eurobank raises target for Motor Oil Hellas stock to EUR 73.90

Published on 10/13/2026 at 04:55 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

First-half revenue rose 43 percent to EUR 7.50 billion. For Motor Oil Hellas stock, adjusted EBITDA reached EUR 967 million in the first half.

Key points in brief

Eurobank raised its Motor Oil Hellas price target to EUR 73.90 from EUR 53.20 on September 15, 2026.
First-half 2026 revenue increased 43 percent to EUR 7.50 billion, while net profit reached EUR 666 million.
Adjusted EBITDA excluding EUR 80 million of inventory gains stood at EUR 967 million in the first half of 2026.
Motor Oil Hellas had a market capitalization of EUR 7.2 billion and a 52-week range of EUR 23.70 to EUR 69.95 as of October 12, 2026.

Athens Water, GRS426003000, Illustration mit AI erstellt.

Eurobank raised its price target for Motor Oil Hellas (GRS426003000) to EUR 73.90 from EUR 53.20 on September 15, 2026, while keeping its Buy rating, according to FinanceNews. The revision followed a sharp improvement in refining-margin assumptions and puts the target EUR 20.70 above the previous level.

Three dates and figures

On August 26, 2026, Motor Oil reported first-half revenue of EUR 7.50 billion, up 43 percent year over year, through its earnings call covered by Yahoo Finance; on September 10, 2026, the average consensus target rose from EUR 46.76 to EUR 52.90; on September 15, 2026, Eurobank lifted its target from EUR 53.20 to EUR 73.90.

Profit growth meets a risk

Net profit for the first half of 2026 reached EUR 666 million, compared with EUR 126 million in the prior-year period, according to Yahoo Finance. Excluding EUR 80 million of inventory gains, adjusted EBITDA was EUR 967 million and adjusted net income was EUR 623 million, giving investors a cleaner view of operating performance.

The balance sheet also improved during the first half. Net debt declined to EUR 814 million at June 30, 2026, while adjusted EBITDA in the fuel segment increased to EUR 466 million in the second quarter from EUR 182 million a year earlier, although management noted that the comparison was affected by the prior-year refinery shutdown and insurance income.

What does the target increase mean?

Eurobank's move matters because the revised EUR 73.90 target is 38.92 percent above the earlier EUR 53.20 target, calculated from the two target values. The same report placed Motor Oil's 2026 adjusted EBITDA estimate at EUR 2.52 billion, more than 80 percent above its June estimate, according to FinanceNews. The counterweight is cyclicality: Simply Wall St said on September 25, 2026, that earnings are forecast to decline by an average of 21 percent annually over the next three years.

Valuation after the rally

Motor Oil had a market capitalization of EUR 7.2 billion as of October 12, 2026, with a 52-week range of EUR 23.70 to EUR 69.95. The upper end is EUR 3.15 above the latest structured quote of EUR 66.80 dated October 12, 2026, leaving the valuation close to its yearly peak without treating that quote as a same-day price.

Next reporting is listed for November 25, 2026, according to TradingView. For investors, the key issue is whether refining margins and the stronger balance sheet can support the higher earnings assumptions behind the revised target.