Motor Oil and Helleniq Energy get higher price targets as Greek market reaches 17‑year high

Pantelakis Securities raised its price targets for Motor Oil to €51.2 per share (up from €40) and for Helleniq Energy to €12.5 (up from €10), keeping an overweight recommendation for both. The firm cited sustained high refining margins, limited crude inventories and strong demand— bolstered by the reopening of the Ormos Strait— as reasons for the upward revisions and projected EBITDA of over €1.4 billion for Motor Oil and €1.34 billion for Helleniq Energy in 2026.

On the same day, the Athens Stock Exchange’s General Index closed at 2,505.37, a 0.97% gain and the highest level in 17 years. Trading turnover reached €303.17 million, with 68.93 million shares exchanged across 38 block deals, including large transactions in OTE, DEI, and GEC TERNA. Motor Oil shares rose 2.8% to €41.08, while other notable gainers included Coca‑Cola (+2.07%) and Eurobank. The market’s bullish stance was reinforced by a “bull” rating from Goldman Sachs for the Greek market in the second half of the year.