Getlink: Goldman Sachs downgrades stock
(CercleFinance.com) - On Wednesday Goldman Sachs downgraded Getlink shares to "neutral" (from "buy"), albeit increasing its corresponding target price from 18.
5 euros to 19 euros.
In their report, analysts explain that they have raised their EBITDA forecasts for 2022 and 2023 by 6% and 4% respectively due to the recovery in shuttle traffic.
However, Goldman argues that its new target price of 19 euros only represents upside potential of around 3% on the stock.
Analysts point out that the Channel Tunnel operator's share price has risen by 39% since it switched to buy the stock in June 2021.
In comparison, the transport sector has fallen by around 4% in the meantime, while the FTSE world Europe index has fallen by 4.5%, it notes.
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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.
5 euros to 19 euros.
In their report, analysts explain that they have raised their EBITDA forecasts for 2022 and 2023 by 6% and 4% respectively due to the recovery in shuttle traffic.
However, Goldman argues that its new target price of 19 euros only represents upside potential of around 3% on the stock.
Analysts point out that the Channel Tunnel operator's share price has risen by 39% since it switched to buy the stock in June 2021.
In comparison, the transport sector has fallen by around 4% in the meantime, while the FTSE world Europe index has fallen by 4.5%, it notes.
Copyright (c) 2022 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.