Vinci: UBS maintains buy rating after traffic figures
(CercleFinance.com) - UBS notes the strong recovery in airport traffic, while motorway traffic was a bit weak in April, partly due to fuel prices.
Airport traffic continues to recover strongly and is now at almost 70% of 2019 levels, it says.
Traffic on its motorways increased by 55.7% y-o-y, with +71.3% for passenger cars and 1.8% for trucks.
Meanwhile, Vinci Airports has announced that its passenger numbers have increased 4.3x between April 2021 and 2022. Finally, commercial movements within the airports have been multiplied by 2.2 between April 2021 and April 2022.
UBS confirms its buy rating on the stock with a target price of 115 euros.
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