Hungary Mol shares may be worth over 40% more

mBank has trimmed its target price for Mol to HUF 3,825 from HUF 3,993 previously, but

this continues to offer a substantial upside potential of over 43% over Mol's current share price.

Mol is followed by 9 analysts according to Refinitiv, 6 of which have a "buy" recommendation and 3 a "sell" recommendation on the oil stock.

The average of the current target prices is HUF 3,455, which is 28% higher than the current share price.

Mol shares are up 1.1% on the Budapest Stock Exchange and shed 4.5% so far this year.