Optima Bank has set a €54.1 price target for Motor Oil, maintaining its buy recommendation on the Greek refiner.
The brokerage highlighted the company's resilient refining margins as a key driver for the valuation, noting that processing spreads have remained robust despite fluctuations in the broader energy complex.
This assessment comes as Motor Oil shareholders finalize positions ahead of the ex-dividend date for the company's supplementary payout of €1.40 per share.
The price target reflects confidence in the refiner's operational efficiency and its ability to capture value from current crude differentials.
While geopolitical tensions in the Gulf and Africa have introduced volatility into global oil markets, Motor Oil's domestic focus and integrated supply chain provide a buffer against external shocks.
The buy rating suggests that the stock remains undervalued relative to its earnings potential and dividend yield.
This analyst action adds to a growing consensus on the resilience of European energy names amid shifting supply dynamics.