Fertiglobe Coverage Initiated at Buy as Jefferies Notes Diversified Production Footprint

06:01 AM EDT, 08/19/2026 (MT Newswires) -- Jefferies launched its coverage of Fertiglobe (ADX:FERTIGLB) with a buy rating, noting that the Abu Dhabi-listed fertilizer producer's diversified plant locations partially shield it from trade disruptions in the Strait of Hormuz. "Fertiglobe is uniquely positioned due to its diversified production footprint across the UAE, Egypt and Algeria, reducing its dependence on the SoH and providing optionality to benefit from higher prices. Plant operations in Egypt should improve due to higher feedstock availability, and Algerian operations are likely to benefit from efficiency improvement and cost saving initiatives. The market appears to be assigning limited value to the upcoming ammonia facility (valued close to AED0.4/share on our estimates)," the research firm said in its report on chemicals and fertilizers companies in the Middle East and North Africa published Tuesday. Analysts also view the export tax on the Egyptian business as "slightly positive" for the company if the tariff results in an improvement in feedstock availability, with higher benefits expected if the tax is implemented only in the summer months instead of all year round. The stock's price target was set at 3.50 Emirati dirhams.