Analyst Augustin Cendre from Stifel Nicolaus maintained a Buy rating on Getlink SE (0P72 – Research Report) and decreased the price target to €19.00 from €19.50.
Augustin Cendre has given his Buy rating due to a combination of factors that highlight Getlink SE’s potential for growth and resilience. Despite a slight miss in sales expectations, the company’s Eurotunnel business has shown strength, supported by a strategic focus on pricing over volume and reduced competition from ferries. This strategic approach has helped maintain market share and bolster performance, even amidst challenges such as the ElecLink interruption.
Furthermore, the company’s guidance for FY-25 remains stable, with potential for positive revisions due to the implementation of the EES border mechanism and secured revenues from ElecLink. These factors suggest potential upside to consensus estimates. Despite some expected delays in the CapEx program, Getlink SE is considered a preferred stock due to its strong European market presence and resilience to economic fluctuations in France, making it a compelling investment opportunity.
In another report released on April 17, Barclays also maintained a Buy rating on the stock with a €19.00 price target.