Getlink: Oddo maintains buy rating, adjusts target price

(CercleFinance.com) - Oddo BHF reinstates its "buy" rating on the Getlink share, while shaving a fraction off its target price from 16.
6 euros to 16 euros (current price: 14.1 euros), judging that its speculative appeal remains. intact and that the share's momentum should improve, in addition, with an attractive ESG positioning.

Including December traffic, the broker has raised its 2020 EBITDA estimates from 305 million euros to 315 million euros, which would enable the group to comply with its financial covenants at the end of December.

However, Oddo BHF has cut its 2021 estimates in order to take into account a destocking effect following the good performance of truck shuttles in December and a drop in PC shuttle traffic and Eurostar shuttle traffic given developments in the pandemic.


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