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Montega reiterates buy on Ernst Russ, sets EUR 13.5 price target

PUBT·08/28/2026 08:35:41
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Montega reiterates buy on Ernst Russ, sets EUR 13.5 price target
  • Montega reiterated a Buy rating on Ernst Russ, keeping a 12-month price target of EUR 13.5.
  • Report flagged a strong Q2, with revenue up 5.1% to EUR 40.9 million.
  • EBIT adjusted for prior-year ship-sale gains rose 5.6% to EUR 24.6 million.
  • Guidance was reiterated, factoring a EUR 12.8 million gain from the EF Emira sale in Q3 2026.
  • Charter rates increased, with the half-year average at USD 19,716 per day, supporting a larger USD 688.6 million charter backlog.


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. Ernst Russ AG published the original content used to generate this news brief via EQS News (Ref. ID: rc_26658) on August 28, 2026, and is solely responsible for the information contained therein.