# Financial outlook for Greek banks and Motor Oil

> Developing situation record from CLSTR: https://clstr.news/situations/financial-outlook-for-greek-banks-and-motor-oil
> Updated: 2026-11-03T09:50:21.000Z. Sources: 10. Developments: 2.

Financial institutions have issued updated assessments for several major Greek entities, including Motor Oil and various banks. 

In October 2026, Piraeus Securities raised its target price for Motor Oil to 81 euros from 61 euros, citing improved mid-term prospects and a stronger refining environment. The firm projected an adjusted EBITDA of 2.12 billion euros for the 2026 fiscal year and a dividend of 3 euros per share.

By November 2026, UBS maintained a positive outlook for Eurobank, Alpha Bank, and Piraeus Bank, projecting significant upside potential for these institutions. Regarding Motor Oil, UBS raised its price target to 58 euros from 52 euros while maintaining a “Neutral” rating. Although UBS expected record performance for the third quarter, the bank expressed caution regarding long-term profitability, forecasting a decline in EBITDA for 2027 and 2028.

## Claims

- UBS sets a price target of 5.40 euros for Eurobank. (reported by 2 sources)
- Eurobank’s adjusted net profits exceeded analyst estimates by 5%. (reported by 2 sources)
- UBS maintains a “Buy” recommendation for Eurobank, Alpha Bank, and Piraeus Bank. (reported by 1 source)
- UBS sets a price target of 5.20 euros for Alpha Bank. (reported by 1 source)
- UBS sets a price target of 12.50 euros for Piraeus Bank. (reported by 1 source)
- UBS raised the Motor Oil price target to 58 euros from 52 euros. (reported by 1 source)
- UBS maintains a “Neutral” rating for Motor Oil. (reported by 1 source)
- UBS forecasts Motor Oil EBITDA at 808 million euros for the third quarter. (reported by 1 source)

## Timeline

### 2026-11-03: UBS maintains positive outlook for Greek banks and Motor Oil

UBS maintains “Buy” ratings for Eurobank, Alpha Bank, and Piraeus Bank with significant upside potential, while raising the Motor Oil price target to 58 euros despite a “Neutral” stance.

10 sources. https://clstr.news/cluster/ubs-maintains-positive-outlook-for-greek-banks-and-motor-oil

### 2026-10-20: Motor Oil target price raised to 81 euros by Piraeus Securities

Piraeus Securities raised its Motor Oil target price to 81 euros, citing improved refining prospects and forecasting 2.12 billion euros in adjusted EBITDA for 2026.

4 sources. https://clstr.news/cluster/motor-oil-target-price-raised-to-81-euros-by-piraeus-securities

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Cite as: Financial outlook for Greek banks and Motor Oil. CLSTR, https://clstr.news/situations/financial-outlook-for-greek-banks-and-motor-oil