en.Wedoany.com Reported - Portuguese investment bank Caixa Banco de Investimento (Caixa BI) raised its valuation of Portuguese construction company Mota-Engil in June 2026, setting a new target price of €5.70 per share with a "buy" rating, implying a potential upside of approximately 63% from the previous target price of €3.50 per share.

Analyst Rita Machado Belo noted that the valuation adjustment was based on two key factors: Mota-Engil's recently released "Focus 2030" strategic plan (covering 2026 to 2030) and the company's latest disclosed results. The performance in the first quarter of 2025 was particularly outstanding, with Mota-Engil reaffirming its confidence in achieving the goals set for the first year of the new strategic cycle.

Caixa BI's report estimates the total valuation of the Mota-Engil group at €1.741 billion, equivalent to €5.70 per share. This valuation was derived through a sum-of-the-parts analysis of each business segment. The analyst emphasized the growing weight of African operations, as the group has achieved significant expansion in its core African markets in recent years. Industrial engineering services, particularly contract mining, stood out, with the business nearly doubling its revenue in 2025, and the company has consistently anticipated continued growth in the coming years.

With this update, Caixa BI expressed increased confidence in the execution of the "Focus 2030" strategy and Mota-Engil's ability to create value in its strategic markets.

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