Getlink (OTCMKTS:GRPTF) Downgraded by HSBC

Getlink (OTCMKTS:GRPTFGet Rating) was downgraded by stock analysts at HSBC from a “buy” rating to a “hold” rating in a report released on Monday, The Fly reports. The analysts noted that the move was a valuation call.

Separately, Morgan Stanley raised their target price on shares of Getlink from €16.00 ($17.39) to €16.20 ($17.61) in a research report on Friday, April 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $16.20.

Getlink stock opened at $19.14 on Monday. Getlink has a 1-year low of $14.80 and a 1-year high of $19.14. The company’s 50-day moving average is $15.67 and its 200 day moving average is $15.67.

About Getlink (Get Rating)

Getlink SE engages in the design, finance, construction, and operation of fixed link infrastructure and transport system. The company operates through three segments: Eurotunnel, Europorte, and ElecLink. The Eurotunnel segment operates three tunnels of a length of approximately 50 kilometres each under the English Channel, as well as two terminals at Folkestone in the United Kingdom and the Coquelles in France.

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