MBH confirms HUF 560 target for Opus Global stock

Published on 10/07/2026 at 13:28 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue fell 9.20 percent to HUF 212.0 billion in the first half of 2026. Opus Global stock costs EUR 0.74 on October 7, 2026 after EUR 0.72.

Opus Global, HU0000110226, Illustration mit AI erstellt.

Opus Global (HU0000110226) was trading at EUR 0.74 at Lang & Schwarz on October 7, 2026 at 1:18 p.m. CEST, plus 2.78 percent versus the prior close of EUR 0.72 on October 6, 2026. According to Portfolio on October 5, 2026, MBH Bank confirmed its Buy recommendation and one-year target of HUF 560.

MBH keeps HUF 560 target

The MBH view puts the latest target well above the Budapest-listed company stock price in its own HUF quotation. Portfolio reported that the target had first been published in August 2026 and was reaffirmed after Opus Global released its second-quarter figures.

The analyst also identified energy as the group’s main earnings engine. The energy division generated more than 40 percent of group revenue during the first half of 2026, while construction remained the main operating risk.

First-half revenue falls 9.20 percent

According to Portfolio on September 30, 2026, Opus Global generated HUF 212.0 billion in operating revenue in the first half of 2026, down 9.20 percent from HUF 233.6 billion a year earlier. Earnings before interest, taxes, depreciation and amortization, or EBITDA, reached HUF 45.7 billion, down 18.60 percent year over year.

Net income fell 23.20 percent to HUF 16.3 billion from HUF 21.2 billion in the first half of 2025. The second quarter was weaker still, with revenue down 4.40 percent to HUF 108.2 billion and EBITDA down 10.10 percent to HUF 20.0 billion.

Energy offsets construction strain

The business mix explains the uneven result. Energy revenue rose 2.00 percent year over year in the second quarter, while its EBITDA increased more than 22.00 percent, according to Portfolio. Tourism and food also improved, but construction revenue and project volumes remained under pressure.

For the first half of 2026, energy produced HUF 94.13 billion in operating revenue and HUF 36.45 billion in EBITDA. Construction generated HUF 37.85 billion in revenue and HUF 810.0 million in EBITDA, leaving investors with a clear contrast between the group’s strongest and weakest divisions.

Opus Global stock gains 2.78 percent

On Budapest, the OPUS.BD quote stood at HUF 270.00 on October 7, 2026 at 1:11 p.m. CEST, compared with a previous close of HUF 268.00. The market capitalization was HUF 142.5 billion on the same date, giving the company a valuation backdrop for the HUF 560 analyst target.

The Lang & Schwarz reference price was EUR 0.74 on October 7, 2026 at 1:18 p.m. CEST, plus 2.78 percent versus the prior close of EUR 0.72. The company investor calendar lists December 15, 2026 for publication of its third-quarter report, according to Opus Global.

The further course of trading is shown by the continuously updated real-time quote of Opus Global stock.