GTT: Oddo BHF says an 'attractive valuation' - buy
(CercleFinance.com) - On Thursday an analyst at Oddo BHF confirmed his "buy" recommendation on the GTT share, clearly liking new LNG tank orders for LNG carriers, which means that the group is heading towards the record of 2018 in terms of orders.
The broker says that the group's valuation remains attractive (trading at a 2020 EV/EBITDA of 11.3x), especially if the earnings profile for 2021 and 2022 results is to be revised upwards, it adds.
Oddo BHF therefore confirms its target price of 102 euros for the shqre, meaning upside potential of 27%.
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