Talgo is shortlisted for procurement of HS2 Phase One
Talgo is shortlisted for procurement of HS2 Phase One
- In HS2 procurement shortlist for 54 VHS trains
- The maximum price is £2.75bn (€3.1bn)
- We expect Talgo to bid €2.7bn
- We value this opportunity at €1.53 /share
- Positive for sentiment
This is a positive indication that Talgo’s commercial efforts are progressing. We maintain unchanged our Hold recommendation and target price of €5.71.
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.
Bankinter S.A. is a Spanish brokerage firm established in 1989. The company's line of business includes the provision of market research and trading services for Equity and Fixed Income products.
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