Greece’s Stock Market Shines – Global Banks Eye Greek Equities for 2026

Greece Emerges as a Regional Investment Favorite

Greece is increasingly regarded as a “success story” in the international financial landscape. A series of global investment banks have highlighted Greek stocks as top picks for 2026, signaling strong investor confidence in the country’s economy and corporate sector.

Bank of America identifies key Greek stocks for a “buy” recommendation, including the four major banks: National Bank of Greece, Piraeus, Eurobank, and Alpha Bank, as well as leading corporates such as Metlen, OPAP, Jumbo, OTE, and DEI.

Banks Lead the Charge

Greek banks remain central to international investment strategies despite strong 2025 gains. According to UBS, valuations are still attractive compared to European peers. UBS assigns target prices of:

• Alpha Bank: €4.30
• Eurobank: €4.20
• National Bank of Greece: €15.40
• Piraeus Bank: €9.20

Similarly, JP Morgan considers Greek banks about 15% cheaper than European peers, with 2026 target prices of:

• Alpha Bank: €4.10
• Eurobank: €4.10
• Piraeus: €9.00
• National Bank: €15.00

Bank of America highlights Greece as one of the few European banking sectors combining profitability, capital quality, and dividend growth. Updated price targets: Eurobank €4.86, Piraeus €8.85, Alpha €4.12, National €13.88.

Goldman Sachs calls Greek banks among the most attractive narratives in Europe, with target prices: Alpha €4.20, National €15.10, Piraeus €8.00, Eurobank €3.50.

Jefferies emphasizes Alpha Bank’s growth story, supported by strong organic profitability and diversified revenue streams, with a target of €4.15, and Piraeus at €8.60 post National Insurance integration.

DEI and the Energy Transition

International banks Citi, JP Morgan, and Axia have given a strong vote of confidence to DEI, citing a new growth cycle focused on renewables, networks, and strategic investments. Citi sets a target of €19, JP Morgan €18.50, and Axia €22.60.

Goldman Sachs projects double-digit EBITDA and net income growth through 2028, driven by DEI’s €10 billion investment plan. Key metrics: P/E drops from 13.1 in 2025 to 8.6 by 2027, EPS up 35.9% in 2026, dividend yield rising from 3.5% to 5.9%.

OTE and Telecommunications

Morgan Stanley describes OTE as a “purely Greek telecom player”, fully divested from foreign markets, focusing exclusively on domestic operations. Overweight recommendation, target €20.

Deutsche Bank assigns a target of €21, highlighting minimal net debt and almost 100% free cash flow returns to shareholders.

Coca-Cola HBC – Leading the Beverage Sector

In beverages, Coca-Cola HBC stands out. Deutsche Bank praises its strong track record, low forecast risk, and attractive valuation. Target: €51.04.

Morgan Stanley considers CCH one of the most resilient European beverage picks, maintaining overweight with a €50 target despite ongoing consumption pressures in the region.

Outlook for 2026

Overall, Greece’s equity market is attracting global attention, with banks, utilities, telecoms, and selected consumer stocks leading the way. Analysts highlight a combination of strong fundamentals, dividend potential, and strategic corporate growth, making Greek equities a focal point for investors across EMEA in 2026.

Source: pagenews.gr