Montega AG issues buy rating for Agilyx ASA

Montega AG has initiated coverage on Agilyx ASA with a 'buy' recommendation and a 12-month price target of 3.00 EUR.

Agilyx is transitioning into a cash-generating recycling platform with a primary focus on the European market. Following a strategic realignment that included exiting US-based joint ventures, the company holds a 50.1% majority stake in Green Dot Global (GDG).

Through GDG, Agilyx maintains a significant presence in the German dual system (EPR) with approximately a 16% market share, providing access to over 90,000 corporate customers and roughly 200,000 tons of plastic packaging waste annually. The company's operations include mechanical recycling across six plants in five countries and the development of proprietary chemical recycling technologies for complex waste streams.