Getlink (OTCMKTS:GRPTF) PT Raised to €10.50

Getlink (OTCMKTS:GRPTFGet Rating) had its target price lifted by research analysts at Royal Bank of Canada from €10.00 ($10.75) to €10.50 ($11.29) in a research note issued on Thursday, The Fly reports. The brokerage currently has an “underperform” rating on the stock.

GRPTF has been the subject of several other reports. Barclays raised their target price on shares of Getlink from €16.00 ($17.20) to €18.00 ($19.35) in a research note on Friday, April 22nd. Morgan Stanley raised their price objective on shares of Getlink from €16.60 ($17.85) to €17.50 ($18.82) in a research report on Friday, April 22nd. The Goldman Sachs Group downgraded shares of Getlink from a “buy” rating to a “neutral” rating in a research report on Tuesday, May 24th. Finally, HSBC downgraded shares of Getlink from a “buy” rating to a “hold” rating in a research report on Monday, April 18th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $15.33.

OTCMKTS:GRPTF traded up $0.11 during mid-day trading on Thursday, hitting $18.19. Getlink has a 52 week low of $14.80 and a 52 week high of $19.14. The business has a 50-day moving average of $17.83 and a two-hundred day moving average of $16.40.

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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