Report
Jean-François Granjon

GTT : Visibility underpinned by the recent orders… Target price revised up to € 120 (vs € 102) – Stock included in our H1 2020 Midcap Convictions List

>Newsflow which will remain favourable - Exchanges with management (CEO, CFO, HIR) at the ODDO BHF Forum underpinned our conviction on the stock. Consequently, and in light of the record orders posted in 2019 (57 vs 48 in 2018), we have revised up our earnings forecasts post-2020 and our target price (€ 120 vs € 102). The fundamentals are structurally buoyant with an expected increase of +4%/5% in the LNG market out to 2035. Transport by LNG carriers remains unav...
Underlying
Gaztransport & Technigaz SA

Gaztransport & Technigaz is an engineering company specialized in membrane containment systems for liquefied gas transport and storage. Co. designs and markets technologies which combine operational efficiency and safety to equip liquefied natural gas (LNG) carriers, LNG floating platforms and multi-gas transport vessels. Co. also provides solutions for onshore storage tanks and the use of LNG as a fuel for vessels propulsion as well as a wide range of services in engineering, consultancy, training, maintenance assistance and technical studies at each stage of the liquefied gas chain.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jean-François Granjon

Other Reports on these Companies
Other Reports from Oddo BHF

ResearchPool Subscriptions

Get the most out of your insights

Get in touch