(News Bulletin 247) – Berenberg reiterates its ‘buy’ recommendation and its target price of 139 euros on GTT (Gaztransport and Technigaz), the day after its participation in a roadshow with the directors of the engineering company, in London.
From this meeting, the broker learned that the demand for LNG carriers remains strong, that the capacity of shipyards is likely to grow and that innovation could support future revenues.
According to Berenberg, GTT shares are traded on relatively cheap P/E (price to EPS) and dividend yield ratios, given GTT’s 100% market share and its very high visibility on the income’.
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