BM Banku Millennium podwyższyło cenę docelową akcji VRG i rekomendację
Summary
Analysts at BM Millennium raised VRG's target price to 7.2 zł from 6.22 zł and upgraded their recommendation to 'buy' from 'accumulate' in a report dated 10 September 2026. The upgrade follows VRG's strong 1H'26 results, which exceeded expectations, particularly in the clothing segment. The analysts increased their earnings assumptions for the current year and future years, citing improved operational performance and a successful strategy. The report was issued at a share price of 5.38 zł and was authored by Seweryn Żołyniak. The recommendation was developed for the GPW under the Exchange Support Program for Analyst Coverage.
Key points
- Analysts raised VRG's target price to 7.2 zł from 6.22 zł.
- Recommendation upgraded from 'accumulate' to 'buy'.
- VRG's 1H'26 results significantly exceeded expectations.
- Analysts forecast 213.4 mln zł EBITDA and 1.764 mln zł revenues for 2026.
- The report was published on 10 September 2026 at 15:45.
Timeline
BM Millennium published the report raising VRG's target price to 7.2 zł and upgrading the recommendation to 'buy'.
“"Dobre wyniki osiągnięte przez VRG w 1H'26 potwierdzają skuteczność obranej strategii, którą spółka zamierza kontynuować."”
Background
VRG is a company that has been expanding its network of stores in Poland and Hungary and has been acquiring new locations, such as Lilou in January 2026.
Why it matters
The upgrade to 'buy' and the higher target price reflect the analysts' positive view on VRG's operational improvements and their belief that the company's strategy is effective.