Getlink: Oddo confirms rating after lower traffic
(CercleFinance.com) - Getlink has announced that in December 2019 its passenger shuttles transported 233,232 passenger cars, down 1% y-o-y, and that its Shuttle Freight transported 121,939 trucks, down 7%.
Oddo says that the decline in December traffic comes as no surprise. Analysts point out that truck shuttle traffic is down 7%, while the drop for passengers is bang in line with Oddo's expectations.
However, following this announcement, Oddo is sticking to its buy rating on the share, along with its target price of 19.10 euros.
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