Ambrosia Capital raises target prices for Greek banks and ADMIE

Ambrosia Capital has issued updated investment outlooks for several major Greek entities, raising target prices for both the banking sector and the electricity transmission operator, ADMIE.

For ADMIE, the firm has increased its target price to 6.20 euros, suggesting a potential upside of up to 47% when including estimated dividend yields. The analysis highlights that the market has not fully priced in ADMIE’s growth prospects, noting that its regulated asset base (RAB) is projected to grow at a compound annual rate of approximately 22% between 2026 and 2028, significantly outpacing European peers.

In the banking sector, Ambrosia Capital raised target prices for the four systemic Greek banks and Bank of Cyprus, forecasting upside potential of up to 34%. Eurobank is identified as a top pick with a new target of 5.85 euros. Other updated targets include National Bank of Greece at 20.00 euros, Alpha Bank at 5.35 euros, Bank of Cyprus at 12.65 euros, and Piraeus Bank at 11.05 euros. The firm expects strong sector performance driven by credit expansion and increased interest income.