Fugro up after Jefferies upgrade on better offshore wind sector sentiment

Fugro NV

30/01/2026 08:52

** Shares in Dutch geo-data specialist Fugro FUGR.AS rise 7% as Jefferies upgrades to "hold" from "underperform", citing better sentiment for the offshore wind sector

** "Sentiment in offshore wind is improving, after the recent successful AR7 auction in the UK, and this week's agreement by nine North Sea countries to accelerate offshore wind development," it says

** The broker also raises its EBIT estimate for 2026 by 38% to 159 million euros, driven by Fugro's cost-saving program and increased fixed costs coverage

** It lifts the group's price target to 10.00 euros from 7.50 euros, noting the shares trade at a discount to their historical valuation

** Out of 8 analysts that cover Fugro, ​one rates the stock "buy," ​​five rate "hold" and two​ rate the stock "strong sell" or "sell" - LSEG data

 (Reporting by Mathias de Rozario in Gdansk)

 ((mathias.derozario@thomsonreuters.com))