Merger Announcement: Golden Ocean Group Limited held a Special General Meeting on August 19, 2025, where shareholders approved the stock-for-stock merger with CMB.TECH Bermuda Ltd., making CMB.TECH the surviving entity.
Exchange Ratio: As part of the merger, each common share of Golden Ocean will be exchanged for 0.95 ordinary shares of CMB.TECH, with the closing of the merger expected on August 20, 2025.
Company Profiles: CMB.TECH is a diversified maritime group operating over 160 vessels and involved in hydrogen and ammonia fuel production, while Golden Ocean specializes in dry bulk cargo transportation with a fleet of around 90 vessels.
Forward-Looking Statements: The announcement includes caution regarding forward-looking statements, highlighting uncertainties that could affect the completion and timing of the merger, as well as other operational risks.
Wall Street analysts forecast CMBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMBT is 13.65 USD with a low forecast of 13.50 USD and a high forecast of 13.80 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Analyst Rating
Wall Street analysts forecast CMBT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CMBT is 13.65 USD with a low forecast of 13.50 USD and a high forecast of 13.80 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 11.360
Low
13.50
Averages
13.65
High
13.80
Current: 11.360
Low
13.50
Averages
13.65
High
13.80
Pareto
Hold
to
Buy
upgrade
$11.86
2025-11-28
Reason
Pareto
Price Target
$11.86
AI Analysis
2025-11-28
upgrade
Hold
to
Buy
Reason
Pareto upgraded CMB.Tech to Buy from Hold with a EUR 11.86 price target.
Kepler Cheuvreux
Hold
to
Buy
upgrade
2025-08-29
Reason
Kepler Cheuvreux
Price Target
2025-08-29
upgrade
Hold
to
Buy
Reason
Kepler Cheuvreux upgraded CMB.Tech to Buy from Hold with a price target of EUR 9, up from EUR 8.80. The firm believes the stock is trading at an \"unsustainable\" discount to net asset value with the Goldin Ocean merger significantly increasing its dry bulk exposure.
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About CMBT
CMB.TECH NV is a Belgium-based company engaged in the maritime transportation and storage of oil products. The Company provides shipping services, in addition to focusing on fleet diversification and decarbonisation in large-scale low-carbon marine and industrial applications. The Company, along with its group entities, operates in two business segments: the operation of crude oil tankers on the international markets (tankers), and the floating production, storage, and offloading operations. The group owns and operates more than 250 seagoing vessels: crude oil tankers, dry bulk tankers, container transport, chemical tankers, offshore wind vessels, tugboats and ferries. The Euronav brand remain the brand name of the crude oil tanker and offshore oil activities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
