United Securities Revises Agthia Group Price Target After Q2 Earnings

06:21 AM EDT, 08/10/2026 (MT Newswires) -- United Securities LLC updated its price target for Agthia Group (ADX:AGTHIA) as it took note of the food and beverage company's performance in the second quarter. "Agthia's diversified manufacturing footprint, multi-country operating model, and multisourcing strategy enabled uninterrupted customer service across the Middle East despite ongoing regional logistics challenges during 2Q26," analysts wrote in a Sunday note. During the reporting period, Agthia logged a net profit of 24.5 million Emirati dirhams, against United Securities' forecast of 68 million dirhams. Revenue rose 11.9% annually to 1.3 billion dirhams, "broadly in line" with the research firm's estimates. "Since revenue was broadly in line with our expectations, we maintain our 2026e revenue forecast of AED 5.1bn while weaker-than-expected profitability has led us to reduce our net profit estimate to AED 229mn (from AED 313mn)," analysts added. "In light of continued geopolitical risks and the resulting uncertainty surrounding earnings growth, we lower our target price to AED 3.60 (from AED 3.70), implying a 6.8% upside from the current levels. We therefore maintain our HOLD recommendation on the stock."