Getlink: Barclays reduces target price
(CercleFinance.com) - Barclays lowered its target price for Getlink shares from 18 euros to 16 euros on Monday, while maintaining its "equal weight" rating.
In a report on the European infrastructure sector today, the broker pointed out that the Channel Tunnel operator's traffic recovery was not confirmed at the end of the year last year.
On a sequential basis, the number of truck and passenger vehicle commuters even weakened sequentially in Q4, it notes, with figures still below those prevailing before Brexit and the pandemic.
Copyright (c) 2023 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.