GTT Order Book €1.9bn, Shares +2.5%

Overview

On 29 July 2026, GTT (EPA:GTT) announced that its order book reached a record €1.9 billion at the end of the first half of 2026, encompassing 65 LNG tank orders received during the period. Following this disclosure, the company’s shares climbed approximately 2.5% on Wednesday.

Analyst Upgrade

Portzamparc upgraded GTT’s rating from “accumulate” to “buy” and increased its price target by 3.9% to €214, citing the record‑size order book and higher ten‑year order estimates as primary reasons.

Long‑Term Outlook

GTT also revised its long‑term LNG carrier order forecast for the 2026‑2035 horizon, raising the expected number of orders to 550, up from the previously projected 450.