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.
Copyright (c) 2020 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.
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.
Copyright (c) 2020 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.