Investing.com - Jefferies initiated coverage on Gaztransport & Technigaz (EPA:GTT) with a Buy rating and set a price target of EUR205.00.
The research firm cited continued momentum in liquefied natural gas (LNG) project final investment decisions that should support accelerated order intake beginning in the fourth quarter of 2025 or first quarter of 2026.
Jefferies' analysis of the company's order book suggests core business margin expansion, supporting the firm's EBITDA forecasts that exceed consensus estimates by 3% for 2026 and 11% for 2027.
The firm highlighted GTT's royalty-based business model, which delivers EBITDA margins exceeding 65%, along with the company's dividend track record as justification for a premium valuation relative to peers.
Jefferies' price target of EUR205 per share represents approximately 30% upside potential from the current trading price.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.