Talgo is engaged in designing, manufacturing, repairing and maintaining the railway rolling stock, as well as the manufacturing, assembling, repairing and maintaining the engines, machinery and parts of the railway systems. Co. has an industrial presence in seven countries: Spain, Germany, Kazakhstan, Uzbekistan, Russia, Saudi Arabia and U.S.A. Co. has an active fleet in Europe, Asia and North America that comprises of 94 high-speed trains and more than 1,400 Talgo tilting passenger cars. Also, Co. purchases, redesigns, constructs, leases and sells all types of real estate.
  • TickerA14SE5
  • ISINES0105065009
  • ExchangeMadrid Stock Exchange
  • SectorIndustrial Engineering
  • CountrySpain
Research Department

IBERIAN DAILY 17 SEPTEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, BANKIA, FERROVIAL, NATURGY, REPSOL, TALGO. MARKETS YESTERDAY AND TODAY The IBEX continues its good performance before the Fed’s meeting, which brought losses in the US The IBEX was the only European index that ended in positive territory before the Fed’s meeting, whereas US indices ended up falling after Powell’s appearance, with little news, but suggesting that zero interest rates will be maintained until 2023. Within the Euro STOXX, Basic Resources and Retail led gains, with Financial Services and Insurance being the worst relative performers. On the macro side, in ...

Research Department

IBERIAN DAILY 20 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, TALGO. MARKETS YESTERDAY AND TODAY A session on an upward curve The session was relatively calm, with European stock markets increasing their early gains and with the S&P 500 hitting a new high thanks to the solid business results and the M&A news in the pharma sector. In the Euro STOXX, Banks and Telecoms led the gains, with Real Estate and Retail bringing up the rear. On the macro side, in the euro zone July’s inflation figure confirmed the preliminary 0.4% YoY (0.3% previously) and the 1.2% core figure (0.4% previously). In the UK July’s inflation rose unexpect...

Research Department

INFORME DIARIO 20 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACERINOX, TALGO. EUROPA: BAYER Sesión de menos a más La jornada transcurrió con relativa calma con las bolsas europeas ampliando las ganancias de la apertura y el S&P 500 alcanzando nuevos máximos arropado por los buenos resultados empresariales y las noticias de M&A en el sector farma. En el Euro STOXX las subidas estuvieron lideradas por Bancos y Telecos mientras que Inmobiliario y Retail se quedaron a la cola. Por el lado macro, en la Eurozona, la inflación de julio confirmó el 0,4% a/a preliminar (0,3% anterior) y el 1,2% en el subyac...

Research Department

INFORME DIARIO 31 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. EUROPA: AB INBEV, BNP, ESSILORLUXOTTICA, INTESA SANPAOLO, LINDE, LOREAL, NOKIA, VINCI, VIVENDI, VOLKSWAGEN. Alemania arrastra a Europa Los malos datos del PIB del 2T’20 en Alemania, que podrían anticipar sorpresas negativas en la periferia, provocaron la toma de beneficios en el resto de plazas de Europa, con caídas por encima del -3%. En el Euro STOXX todos los sectores registraron pérdidas, encabezadas por los financieros Ba...

Research Department

IBERIAN DAILY 31 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. MARKETS YESTERDAY AND TODAY Germany drags down Europe The poor 2Q’20 GDP data in Germany, which could augur negative surprises in the periphery, led to profit taking in the rest of the European indices, with drops of more than -3%. In the Euro STOXX, almost all the sectors were in the red, led by Banks and Insurance, whereas Travel & Leisure rose (+1.3%; after the strong rise in Francaise des Jeux) and Food fell the least. On the macro side, in the euro zone the ...

Research Department

IBERIAN DAILY 17 SEPTEMBER (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, BANKIA, FERROVIAL, NATURGY, REPSOL, TALGO. MARKETS YESTERDAY AND TODAY The IBEX continues its good performance before the Fed’s meeting, which brought losses in the US The IBEX was the only European index that ended in positive territory before the Fed’s meeting, whereas US indices ended up falling after Powell’s appearance, with little news, but suggesting that zero interest rates will be maintained until 2023. Within the Euro STOXX, Basic Resources and Retail led gains, with Financial Services and Insurance being the worst relative performers. On the macro side, in ...

Research Department

IBERIAN DAILY 20 AUGUST (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACERINOX, TALGO. MARKETS YESTERDAY AND TODAY A session on an upward curve The session was relatively calm, with European stock markets increasing their early gains and with the S&P 500 hitting a new high thanks to the solid business results and the M&A news in the pharma sector. In the Euro STOXX, Banks and Telecoms led the gains, with Real Estate and Retail bringing up the rear. On the macro side, in the euro zone July’s inflation figure confirmed the preliminary 0.4% YoY (0.3% previously) and the 1.2% core figure (0.4% previously). In the UK July’s inflation rose unexpect...

Research Department

INFORME DIARIO 20 AGOSTO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACERINOX, TALGO. EUROPA: BAYER Sesión de menos a más La jornada transcurrió con relativa calma con las bolsas europeas ampliando las ganancias de la apertura y el S&P 500 alcanzando nuevos máximos arropado por los buenos resultados empresariales y las noticias de M&A en el sector farma. En el Euro STOXX las subidas estuvieron lideradas por Bancos y Telecos mientras que Inmobiliario y Retail se quedaron a la cola. Por el lado macro, en la Eurozona, la inflación de julio confirmó el 0,4% a/a preliminar (0,3% anterior) y el 1,2% en el subyac...

Research Department

INFORME DIARIO 31 JULIO (ANÁLISIS BANCO SABADELL)

COMPAÑÍAS QUE APARECEN EN EL INFORME. ESPAÑA: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. EUROPA: AB INBEV, BNP, ESSILORLUXOTTICA, INTESA SANPAOLO, LINDE, LOREAL, NOKIA, VINCI, VIVENDI, VOLKSWAGEN. Alemania arrastra a Europa Los malos datos del PIB del 2T’20 en Alemania, que podrían anticipar sorpresas negativas en la periferia, provocaron la toma de beneficios en el resto de plazas de Europa, con caídas por encima del -3%. En el Euro STOXX todos los sectores registraron pérdidas, encabezadas por los financieros Ba...

Research Department

IBERIAN DAILY 31 JULY (ANÁLISIS BANCO SABADELL)

NEWS SUMMARY: ACS, ARCELOR MITTAL, CAF, CAIXABANK, FERROVIAL, GRUPO CATALANA OCCIDENTE, MEDIASET ESPAÑA, MELIÁ HOTELS, TALGO. MARKETS YESTERDAY AND TODAY Germany drags down Europe The poor 2Q’20 GDP data in Germany, which could augur negative surprises in the periphery, led to profit taking in the rest of the European indices, with drops of more than -3%. In the Euro STOXX, almost all the sectors were in the red, led by Banks and Insurance, whereas Travel & Leisure rose (+1.3%; after the strong rise in Francaise des Jeux) and Food fell the least. On the macro side, in the euro zone the ...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 07/24/2020

The shock caused by the COVID-19 pandemic is much bigger than the previous impacts seen since the Bureau Veritas IPO (October 2007), whether from the financial crisis (2008-2009), the sudden drop in oil prices (2014-2015) or the trade war (2019). Q2 2020 results will show historically large organic declines (double digits in some cases) even though sector groups theoretically have resilient and diversified profiles. Eurofins and Bureau Veritas are our Top Picks. We downgrade Applus to...

Anthony Dick ...
  • Michael Foundoukidis

ODDO BHF Small & MIDCAP MORNING NEWS - 24/07/2020

Le choc du COVID-19 dépasse largement les précédents impacts négatifs rencontrés depuis l’introduction en Bourse de Bureau Veritas (octobre 2007), que ce soit la crise financière (2008-2009), la chute brutale du cours du pétrole (2014-2015) ou la guerre commerciale (2019). Ces T2 2020 auront un caractère historique par l’ampleur de leur régression organique (à deux chiffres parfois) malgré des profils théoriquement résilients et diversifiés. Eurofins et Bureau Veritas sont nos valeurs...

Christophe Chaput ...
  • Hela Zarrouk

ODDO BHF Small & MIDCAP MORNING NEWS - 07/22/2020

...

Christophe Chaput ...
  • Hela Zarrouk

ODDO BHF Small & MIDCAP MORNING NEWS - 22/07/2020

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Alain William ...
  • Alfred Glaser
  • Delphine Brault
  • Emmanuel Matot
  • Jean Sassus
  • Steven Gould

ODDO BHF Small & MIDCAP MORNING NEWS - 06/23/2020

Unsurprisingly, the European summit held on 19 June failed to conclude an agreement regarding the € 750bn stimulus plan. Our economists are expecting it this summer for a vote at the end of the year. If its initial composition is retained, it will enshrine the introduction of the pooling of debt. Such a move would represent a major catalyst for European equities, via the decline in the spread of the risk premium and potential growth vs the US. This would give rise to a narrowing of th...

TALGO suffers a double requalification, which weighs heavily on its rating, now at Neutral.

The independent financial analyst theScreener just downgraded the general evaluation of TALGO (ES), active in the Commercial Vehicles & Trucks industry. As regards its fundamental valuation, the title loses a star(s) and now shows 1 out of 4 stars. Its market behaviour is also negatively reassessed and may be considered as moderately risky. theScreener believes that this double requalification keeps the title under pressure and justifies an overall rating downgrade to Neutral. As of the analysis date February 25, 2020, the closing price was EUR 5.66 and its target price was estimated at EUR 5....

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

Expert Corporate Governance Service (ECGS)

Etude de l'AG du 10/05/2017

In item 4, the Board proposes not to pay cash dividends on 2016 results, and to entirely use the net income to increase voluntary reserves and compensate previous years' losses. In item 5, the Board proposes to distribute a scrip dividend of € 10 millio(approximately € 0.07 per share), giving shareholders the option to receive their dividend, in full or in part, in cash or free shares. Talgo shares are listed on the Spanish stock markets since May 2015. It is the first dividend distribution of the Company. The maximum cash payment resulting from the scrip dividend distribution (if all shar...

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