Agthia Group Price Target Revised as FAB Notes 'Strong' Q2 Earnings

06:49 AM EDT, 08/12/2026 (MT Newswires) -- FAB Securities tweaked Agthia Group's (ADX:AGTHIA) price target as it took note of the food and beverage company's "strong" earnings for the second quarter, according to a Tuesday note. The company swung to a net profit in the second quarter of 19 million Emirati dirhams, which was lower than FAB's 58 million-dirham forecast. Revenue, meanwhile, increased 11.9% annually to 1.28 billion dirhams, compared with the research firm's 1.26 billion dirhams. "We maintain our BUY rating on Agthia with a revised target price of AED 5.10. Agthia delivered a solid operational performance in 2Q26, with reported revenue increasing 11.9% YOY to AED 1.3 Bn, primarily supported by AED 142.3 Mn of one-off sales under the UAE food security program. Excluding these one-off sales, underlying revenue remained broadly stable, demonstrating the resilience of the Company's core business despite a challenging operating environment," analysts wrote. According to the research firm's website, the price target was 5.70 dirhams as of March 6.