The analysts of Renta 4 They reiterate their recommendation of ‘overflow‘For Talgo, with an objective price of 4.80 euros that is a bullish potential of 41.80% Faced with yesterday, after knowing that the company is close to obtaining a contract in Germany of about 1,000 million euros.
Specifically, according to publishes The economistTalgo would be close to closing a Contract with the German company Flixbus for the supply of 63 trains of the Talgo 230 model for an amount of around 1,000 million.
“News that, if confirmed we would value very positively since it would show Talgo’s excellent commercial moment At European level mainly, ”says the analyst César Sánchez-Grande.
Income 4 Expert explains that, «if this contract is confirmed, Talgo must clearly specify what his future productive model will be to deal with the historic order of orders that he could reach with this contract and with next potential in Saudi Arabia, Spain and the Middle East among others.»
«From our point of view, we foresee that Talgo will reach outsourcing agreements with European manufacturers such as PESA, whereby it will give part of the margin of the contract, but will save the capex that would need to open a new plant in Spain,» says Sánchez-Grande.
Today Talgo’s shares fall 0.15% to mark 3.38 euros in the continuous market. The titles remain practically flat in the year, while 25.8% fall in the last 12 monthsusing the 4,525 euros of March 25 last year, its maximums of the last 52 weeks.
Much of this fall responds to uncertainty about the company’s future, after the Government Veto to Magyar Vagon OPA and Renfe’s fine. The good news is that the shares bounce 4.8% since March 13 touched an annual minimum at 3.20 euros.