Getlink: UBS raises target price

(CercleFinance.com) - While maintaining its "neutral" rating on Getlink, UBS has raised its target price from 11.
5 euros to 13.5 euros, which is about 3% below the current share price of the Channel Tunnel operator.

The broker says that that it has examined Eleclink, which it estimates has an enterprise value of 1.1 billion euros. "Our base case assumes commissioning of the project in July 2020," it says in its report.


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