In upgrading the target price for its share GEK TERNA The Italian bank proceeded Mediobancawhich, in a recent report, highlights the strong dynamics of the results of the first semester, which supply the company’s Growth Story.
It is recalled that Mediobanca began covering the stock in June 2025. As he notes, after the announcement of a strong set of results that overcame market estimates, the GEK TERNA administration, during yesterday’s (2.20.2025) telecommunications and analysts, the reward of shareholders.
By sectors of activity, traffic is expected to increase by more than 3% for the total portfolio of road concessions in the second half.
The construction sector is expected to have equally powerful performance as the first half, with EBIT earnings more than 7% in the coming years, based on the existing backlog. There is also an increase in the height of the dividends to be distributed.
In addition, additional value creation is expected by the new partnership (JV) with Motor Oil in the field of electricity, as the transaction will create a player with a leading position in the energy market, critical mass, verticalization, flexibility and synergies. The value of GEK TERNA’s participation in JV is estimated at € 530 million.
Finally, as the administration said during the Conference Call analysts, without providing further details, there are currently many interesting opportunities for further development through the undertaking of new projects.
Overall, Mediobanca is upgrading the estimates for the construction industry (revenue +20% for 2025 and sustainable margin), motorway, and transaction with MOH (from 2026), resulting in an increase in EPS (earnings per share) by 14%.
The new target price is 30 euros/MTX (from € 28.80 previously).