GTT: still a buyer, Oddo BHF raises target price
(CercleFinance.com) - Maintaining its buy rating on the share of consulting group specialised in gas storage systems; GTT, Oddo BHF has raised its corresponding target price from 90 euros to 102 euros, which represents upside potential of around 15%.
GTT presents an atypical profile with an 'asset light' model that offers visibility, flexibility and security. In an LNG market that is structurally buoyant, the group occupies a largely dominant position, analysts underline.
Thanks to a strong growth profile through to 2020, the broker believes that the group has an "attractive" outlook.
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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.
GTT presents an atypical profile with an 'asset light' model that offers visibility, flexibility and security. In an LNG market that is structurally buoyant, the group occupies a largely dominant position, analysts underline.
Thanks to a strong growth profile through to 2020, the broker believes that the group has an "attractive" outlook.
Copyright (c) 2019 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.